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Alabama Real Estate State Exam Practice Questions with 100% Correct Answers $8.50   Add to cart

Exam (elaborations)

Alabama Real Estate State Exam Practice Questions with 100% Correct Answers

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  • Course
  • Alabama
  • Institution
  • Alabama

Alabama Real Estate State Exam Practice Questions with 100% Correct Answers

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  • September 3, 2024
  • 64
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Alabama
  • Alabama
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codersimon
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Term


Lisa's commute to her current broker's office is too long, so she's
found a new broker with whom to affiliate. What must her new
broker do?



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File a request for the transfer
Ask her previous broker to mail her
of her license and assume
license to his office.
liability for her actions.

, Request permission from her
Pay her license transfer fee. previous broker to transfer Lisa's
license.


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2 of 100

Term


Pablo, a salesperson for Freedom Realty in Montgomery, let his
license lapse, and a client claims that his actions cost her money.
Pablo and his qualifying broker Justin are looking into the situation,
as is the AREC. If the AREC finds that damage has been done, who
will be held responsible?



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Freedom Realty Justin




Neither Pablo nor Justin Pablo


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3 of 100

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What's another name for an escrow account?

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Closing fund Locked account




Savings account Trust account


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What's one form of documentation the commission will accept as
proof of an applicant's age?



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Employment ID School ID




Valid driver's license Visa


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5 of 100

Term


Adrian, an Alabama real estate salesperson, lives in a remote part of
town. He jokes around that he lives so far out in the country,

, sometimes even his cows get lost. Can he work from a home office?


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No, all Alabama licensees must No, because he is a
work outside the home. salesperson and not a broker.




Yes, if his qualifying broker Yes, if the home office is in his
approves it. qualifying broker's home.


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6 of 100

Term


Licensee Randy has a written listing agreement with Brent, a seller.
The buyer is Tim. Who is Randy's client?



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Both the seller (Brent) and the
Randy's broker
buyer (Tim)




The buyer (Tim) The seller (Brent)


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7 of 100

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