Exam (elaborations)
Alabama Real Estate State Exam Practice Questions with 100% Correct Answers
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Alabama Real Estate State Exam Practice Questions with 100% Correct Answers
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1 of 100Term
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?
Give this one a try later!
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.
Don't know?
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
Term
What's another name for an escrow account?
,Give this one a try later!
Closing fund Locked account
Savings account Trust account
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4 of 100
Term
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.
Don't know?
6 of 100
Term
Licensee Randy has a written listing agreement with Brent, a seller.
The buyer is Tim. Who is Randy's client?
Give this one a try later!
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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