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Failure to Give Proper Disclosure in Alabama Real Estate

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

One of the disclosures you must complete with your client is the agency disclosure. What is the purpose of this disclosure?

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1. How can a seller's disclosure help a buyer?

2. What can happen if an agent doesn't complete disclosures in a real estate transaction?

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About This Quiz & Worksheet

Use this quiz/worksheet combo to test your knowledge of the failure to give proper disclosure in Alabama. The questions will cover different aspects of the state's regulations including the agent's duties to a seller and the importance of disclosures.

Quiz & Worksheet Goals

This assessment will test you on:

  • Why an agency disclosure is important in Alabama
  • The way a buyer can benefit from a seller's disclosure
  • Identifying a ramification when an agent fails to complete disclosures in Alabama
  • The disclosure that states who represents the parties in a real estate transaction
  • What an agent should do when they are informed there is an issue with the roof of the house being sold

Skills Practiced

  • Information recall - access the knowledge you've gained regarding seller's disclosures
  • Reading comprehension - ensure that you draw the most important information from the lesson on failure to give proper disclosure
  • Knowledge application - use your knowledge to answer questions about disclosure statements

Additional Learning

Be sure to check out the lesson entitled Failure to Give Proper Disclosure in Alabama Real Estate for more on disclosures. The lesson covers the following:

  • Potential issues in a home that an agent must disclose
  • What an agent must obtain from the seller when they fail to complete disclosures
  • Whether one agent can represent the seller and a buyer in a real estate transaction in Alabama
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