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What does Recad apply to in Alabama?

The Real Estate Consumers Agency and Disclosure Act (RECAD) requires the Alabama Real Estate Commission to write a Real Estate Brokerage Services Disclosure form which describes the alternative types of brokerage services available to consumers in Alabama transactions.

Which of the following is not a seller required disclosure in Alabama?

A suicide is a stigma on the property, but stigma does not have to be disclosed by the seller in Alabama. The other choices are all required disclosures.

Is recad required in the state of Alabama?

Since Alabama is a Caveat Emptor state, it is to the best interest of the buyer to be represented by a professional, qualified brokerage firm to ensure that proper inspections are completed. This is one of the main reasons Alabama has a RECAD (Real Estate Consumers Agency and Disclosure Act) law.

Does Alabama allow dual agency in real estate?

Dual Agent - Dual agency occurs when agents with the same real estate company, and sometimes the same real estate agent, represents both sides in a transaction. Alabama law requires all parties to the transaction to agree in writing before dual agency can occur.

Is recad required in the state of Alabama?

Since Alabama is a Caveat Emptor state, it is to the best interest of the buyer to be represented by a professional, qualified brokerage firm to ensure that proper inspections are completed. This is one of the main reasons Alabama has a RECAD (Real Estate Consumers Agency and Disclosure Act) law.

Can a realtor represent buyer and seller Alabama?

Yes I can but lets visit Alabama law to see specific conditions. Section 34-27-81 (11) states, Limited Consensual Dual Agent is a licensee who, with the written informed consent of all parties to a contemplated real estate transaction, is engaged as an agent for both the buyer and seller.

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