What is the difference between a single agency relationship and a transaction brokerage relationship in Alabama?
In Alabama, an agency relationship can only be established through a written agreement. Without a written agreement, the default relationship is a transaction brokerage relationship, as stated in Alabama Code 34-27-82.
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In a single agency relationship, this relationship is established using:
- Form 1.1(A): Exclusive Agency Listing Agreement
- Form 1.1(B): Exclusive Agency Lot-Land Listing Agreement
- Form 1.2: Buyer Agency Agreement
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In a transaction brokerage relationship, this relationship is established using:
- Form 1.3(A) Transaction Brokerage Agreement for Sellers
- Form 1.3(B) Transaction Brokerage Agreement for Buyers
Form
1.3(A) can be found pre-loaded into the Dotloop templates associated
with the list side and form 1.3(B) can be found pre-loaded in the
templates associated with the buy side. You can also add these documents
to any loop by following these instructions:
click "Add Document"
click "Templates"
click the folder containing the desired document
check the box to the left
click copy