Alabama Real Estate Exam Prep Complete Package Guide 2024/2025

Alabama Real Estate Exam Prep All Rated A+ "To uphold, protect, and promote the public interest, which embraces the interests of regulated licensees and entities and the interest of consumers, by the fair and impartial development and administration of licensing laws and regulations." Alabam...

Alabama Real Estate Final Exam Study Guide - 60 Hour Course Graded A Which of the following ways of specializing is common in the real estate brokerage business? A. By type of mortgage financing required B. By years of experience in the business C. By type of property D. By background of c...

Alabama Real Estate Exam - Questions I've Struggled With Verified Answers A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. designa...

Alabama Real Estate Exam All Answers Correct What type of listing is typically a verbal agreement? ️An Open Listing Implied Agency ️Relationship was never discussed but actions of one or more of the parties "implied" a relationship exists. What two agreements are considered personal s...

Alabama Real Estate State Exam Prep All Answers Correct Abstract Of Title The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abst...

Alabama Real Estate License Law Already Graded A 15 days ️AREC must give __?____ days notice of the hearing? 30 days ️How many days does AREC have to give before their decision is stated? 30 days ️How many days does the licensee have to decide if they will accept the decision of AREC or ...

Alabama Real estate Recip Rated A The consumer member of the Alabama Real Estate Commission must be _____. a licensed broker a licensed salesperson an owner of real property a licensed salesperson or broker an owner of real property Which of the following is NOT a purpose of the Alabama ...

Alabama Real estate Recip Rated A The consumer member of the Alabama Real Estate Commission must be _____. a licensed broker a licensed salesperson an owner of real property a licensed salesperson or broker an owner of real property Which of the following is NOT a purpose of the Alabama ...

Alabama Real Estate Rated A Agent Jeff has just received an offer for his seller client Maggie. He goes over the terms of the offer with her and explains what some of the contract-specific language means. What else, if anything, does he have to do to avoid breaking Alabama license law? He ha...

Alabama Real Estate Agency Rated A Advance informed consent Required for dual agency; requires the consumer to fully understand the duties given up in a dual agency situation, and to be made aware of options to decline dual agency Agent Licensee who acts on behalf of a client Buyer's agent ...

Alabama Real Estate Law - Chapter 5 TEST Graded A+ In Alabama, to avoid a penalty, licenses must be renewed: ️By August 31 of the seccnd year of a licensure period A salesperson license must ️Reflect the name and current business address of the qualifying broker. If a licensee fails to r...

Alabama Real Estate Vocabulary Complete Solutions Real Property Land from center of earth upward to the sky Concepts of land's value - DUST Demand, Utility, Scarcity, Transferability Real Estate Land and interest, rights, and benefits inherent in real estate ownership Situs - Site Preferenc...

Alabama Real Estate License Law Graded A 15 days ️AREC must give __?____ days notice of the hearing? 30 days ️How many days does AREC have to give before their decision is stated? 30 days ️Following a hearing, How many days does the licensee have to decide if they will accept the decis...

AL - Alabama Real Estate License Law Violations Graded A Common license law violations Acting without a license, demonstrating untrustworthiness, having a lack of competency, being dishonest, falsifying paperwork Due diligence Practicing reasonable skill and care MAAP Any information that is...