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AREC exam 2024 Questions and Answers (100% Pass)
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AREC exam 2024 Questions and Answers (100% Pass)
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©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Monday, July 29, 2024 12:15 PMAREC exam 2024 Questions and Answers (100% Pass)
Woodrow helps his neighbor sell his home by assisting with negotiations. He receives
no compensation for his assistance. Based on this transaction, Woodrow _____ -
✔️✔️Doesn't need a real estate license
What must you have to apply as a real estate salesperson in Alabama - ✔️✔️A
sponsoring broker
Daisy holds a real estate license in Mississippi and looking to obtain a reciprocal license
in Alabama. Which requirement must she meet? - ✔️✔️Provide her licensing history to
the commission within 120 days before her reciprocal license is issued.
Lucinda is 25 and licensed in Alabama. She has been actively engaged in real estate for
the past three years and has taken 60 hours of broker pre-licensing coursework. She
used to be licensed in Florida, but her license there was revoked four years ago. She
also has five unpaid parking tickets. Assuming she passes her licensing exam, is she
qualified to be a broker? - ✔️✔️Maybe, if the commission approves her application.
Alabama broker Mandy has presented the Real Estate Brokerage Services Disclosure
form to consumer Kyla and asked Kyla to sign it. What's the purpose of Kyla's signature
on this form? - ✔️✔️To acknowledge that Mandy's presented her with this form
Which of the following actions performed by these licensed salespersons is a common
real estate violation? - ✔️✔️Benjamin places a lock box in an inconspicuous location on
the sellers' property without their permission.
Alabama licensee Terrence can conduct a lottery to persuade people to do business
with him under which, of any, of the following circumstances? - ✔️✔️He can't conduct a
lottery under any of these circumstances. Holding these types of lotteries is illegal in
Alabama.
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, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Monday, July 29, 2024 12:15 PM
A buyer client is preparing an offer on a property. He wants to make sure his offer
stands out above all others and is accepted, so he discusses waiving the inspection
contingency. What should the agent do? - ✔️✔️Encourage the buyer to get an inspection,
and if he still wants to waive it, put it in writing that you advised against waiving the
inspection and have him sign.
In addition to serving as the listing agent for several clients, your own house is also on
the market. You receive a call from another licensee who wants to show her buyer client
your house. What must you immediately disclose to the buyer's agent and buyer? -
✔️✔️You own the property.
Which of the following actions might be considered a red flag signaling mortgage fraud?
- ✔️✔️Your buyer requests a specific appraiser.
Which of the following is true about subagency in Alabama? - ✔️✔️Subagents owe their
client the same duties that the agent owes that client.
Which area of real estate law covers how an agency relationship is created and the
duties of an agent to the principal? - ✔️✔️The law of agency
Which one of the following actions would be considered a real estate violation? -
✔️✔️Hailey ran out of copies of the brokerage engagement form, so she drafted a copy
on a blank sheet of paper.
Licensee Bert's seller client asks him not to tell prospective buyers that he's selling his
house because he's lost his job and can't continue to afford the mortgage payments.
Should Bert obey him? - ✔️✔️Yes, because this is a lawful instruction, and this
information should be kept confidential.
Which of the following is true about license renewal notifications? - ✔️✔️AREC mails
renewal forms to licensees starting around July 15 of even-numbered years.
Broker Joseph tells his client that a property is zoned as residential even though he
knows it's zoned as commercial. This violation is an example of ______. - ✔️✔️Making a
substantial and willful misrepresentation
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