Alabama Real Estate Practice Exam

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Master your Alabama real estate exam with our comprehensive practice test. Tailored feedback, expert tips, and up-to-date questions to ensure your success!

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What role does the buyer's attorney play in a traditional closing?

Neutral third party
Title insurer
Fiduciary for the absent entities
Property inspector

The correct answer is: Fiduciary for the absent entities

The buyer's attorney plays the role of a fiduciary for the absent entities in a traditional closing. This means that they have a legal responsibility to act in the best interest of their client, the buyer, and to represent their interests in the closing process. Option A, a neutral third party, is incorrect because the buyer's attorney is not an impartial party - they are specifically representing the buyer's interests. Option B, a title insurer, is incorrect because the buyer's attorney is responsible for legal matters, not insurance matters. Option D, a property inspector, is incorrect because the buyer's attorney does not have a role in conducting inspections for the property.