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Alabama Real Estate License Exam- Updated Question and Answers [100% Correct] 2024/2025 Latest Release!! $9.57
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Alabama Real Estate License Exam- Updated Question and Answers [100% Correct] 2024/2025 Latest Release!!

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Alabama Real Estate License Exam- Updated Question and Answers [100% Correct] 2024/2025 Latest Release!! After successfully passing the state exam, how much does a candidate need to pay for a Temporary License? $150 What is the fee for an Original License after completing the post-l...

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  • December 8, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • alabama real estate license exam updated questio

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  • Real Estate
  • Real Estate

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Alabama Real Estate License Exam- Updated
Question and Answers [100% Correct]
2024/2025 Latest Release!!
After successfully passing the state exam, how much does a candidate need to pay for a Temporary
License?

$150



What is the fee for an Original License after completing the post-license course?

$85/year or $185/two years



What is the title of a broker who works under the supervision of a Qualifying Broker?

Associate Broker



Is it true that a separate Company License is required for each location or branch?

True



If a Qualifying Broker is unable to perform their duties due to death or disability, how long does the
company have to appoint a temporary Qualifying Broker, and what is the maximum period they can
serve?

30 days; 6 months



How soon must a licensee notify the AREC of a change in their business or residential address?

Within 30 days



What is the initial fee for the Alabama Center for Real Estate (ACRE) at the time of licensure, and how
much is charged during each renewal period?

$30 initially; $5 per renewal period




1

,What is the fee required for the Recovery Fund when applying for an original license?

$30



What are the maximum payouts from the Recovery Fund per transaction and per licensee?

$25,000 per transaction; $50,000 per licensee



What classification of misdemeanor applies to those who violate AL license law or file false information
with the commission?

Class A



How many days does a licensee have to notify the commission when facing criminal prosecution, a civil
complaint related to real estate, or an issue involving the goodwill of a real estate business?

10 days



What is the timeline for AREC disciplinary actions, often summarized as "10-10-15-30-30"?

10-10-15-30-30



What are the two types of fraud commonly recognized in real estate transactions?

Intentional Misrepresentation (Active Fraud) and Intentional Concealment (Constructive Fraud)



What are the two types of misrepresentation in real estate?

Negligent Misrepresentation (failing to act responsibly) and Innocent Misrepresentation



What must a buyer demonstrate to successfully claim fraud or misrepresentation?

- A false representation of a material fact

- Reliance on the misrepresentation

- Resulting damages



What three conditions must be met to claim suppression of material facts by an agent?

2

, - Knowledge of the defect

- A duty to disclose (based on fiduciary relationship or inquiry)

- Failure to disclose



What are the four factors used to determine if an item is real or personal property?

Intent, Method of Attachment, Adaptation, and Agreement of the Parties



What is personal property that has been attached to become real property called?

Fixture



What type of fixtures belong to tenants and are typically removed at the end of a lease?

Trade Fixtures



How many feet are in one mile?

5,280 feet



What is the square footage of one acre?

43,560 square feet



How many acres are in one section of land?

640 acres



How many sections are in one township?

36 sections



What is another name for the Lot and Block legal description, commonly used in subdivisions?

Recorded Plat Map




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