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AgencyDisclosure_requirementsEASY

Under Alabama Agency Law, which document must a licensee provide to a prospective buyer or seller to satisfy the written agency disclosure requirement at first substantive contact?

Correct Answer

B) A written agency disclosure statement identifying the type of representation being offered

Alabama Agency Law (Code of Alabama §34-27-81 et seq.) requires licensees to provide a written agency disclosure statement that identifies the specific type of representation being offered — whether single agency, limited consensual dual agency, or transaction brokerage. This written document must be provided at or before the first substantive contact to satisfy the statutory disclosure requirement.

Answer Options
A
A signed listing agreement identifying the broker's commission rate
B
A written agency disclosure statement identifying the type of representation being offered
C
A copy of the Alabama Real Estate Commission's license law brochure
D
A pre-filled purchase and sale agreement naming the parties and the property

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Key Terms:

agency_disclosurewritten_disclosure_statementdisclosure_requirementsfirst_substantive_contact
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