A buyer's agent receives a written offer on a single family residence that her buyers wish to submit. What must the agent provide to her buyer at the time the buyer signs the written offer?
A. An explanation of limited dual consensual agency.
B. A copy of the Alabama Consumer Information booklet....
Alabama Real Estate License Exam
WITH ANS 2024
A buyer's agent receives a written offer on a single family residence that her buyers wish to submit.
What must the agent provide to her buyer at the time the buyer signs the written offer?
A. An explanation of limited dual consensual agency.
B. A copy of the Alabama Consumer Information booklet.
C. A copy of the written offer for the buyer's records.
D. A complete estimated closing statement. - correct answerD. A complete estimated closing statement.
At the time the buyer signs the written offer, the licensee must present ______________ that contains
the licensee's best estimates of all costs the buyer is expected to have at closing and the approximate
amounts of those costs. - correct answeran estimated closing statement
The Alabama Real Estate Commission is comprised of
12 members.
4 members.
6 members.
9 members. - correct answer9 members
Which of the following is TRUE of permanent school records?
Schools maintain attendance and course completion records for 1 year, but applicants and licensees
must retain copies of their school records for at least 3 years from the date of course completion.
Schools are expected to maintain attendance and course completion records for a maximum of 2 years.
Schools are expected to maintain attendance and course completion records for a minimum of 4 years.
All attendance and course completion records are electronically archived by the Alabama Real Estate
Commission for a minimum of 6 years. - correct answerSchools are expected to maintain attendance
and course completion records for a minimum of 4 years.
, Schools are expected to maintain permanent records showing attendance and course completion for
_____________. - correct answerat least 4 years.
To meet continuing education requirements each license period, licensees must complete which of the
following course sequences approved by the Commission?
A course in Risk Management plus 1 of the following: License Law/Trust Funds; Fair Housing, Equal
Opportunity and ADA; or RECAD.
A course in RECAD plus 2 of the following: License Law/Trust Funds; Fair Housing, Equal Opportunity and
ADA; or Risk Management.
Any 3 of the following courses: License Law/Trust Funds; Fair Housing, Equal Opportunity and ADA; Risk
Management; or RECAD.
1 course in each of the following areas: License Law/Trust Funds; Fair Housing, Equal Opportunity and
ADA; RECAD; and Risk Management. - correct answerA course in Risk Management plus 1 of the
following: License Law/Trust Funds; Fair Housing, Equal Opportunity and ADA; or RECAD.
Which of the following statements is TRUE of an applicant whose real estate license has been revoked?
-Applicant may not be re-licensed in Alabama for a minimum of 5 years.
-Applicant may not be re-licensed in Alabama without the approval of the Alabama Real Estate
Commission.
-Applicant may not be re licensed in Alabama without a written appeal, a reinstatement fee of $250, and
a probationary period of 2 years.
-Applicant may not be re licensed in Alabama or any other state. - correct answerApplicant may not be
relicensed in Alabama without the approval of the Alabama Real Estate Commission.
Once a person has passed the Alabama pre-license exam, he or she is issued with a Temporary License
Certificate which allows them to practice real estate. How long does the person have to complete the
necessary procedures to gain a full real estate license?
1 year
6 months
2 years
18 months - correct answer1 year
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