Alabama real - Study guides, Class notes & Summaries

Alabama Real Estate Post-License Exam | 100% VERIFIED CORRECT 2024/25

Special or Specific Agency - The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. General - Principal and agent enter into a contract giving the agent the authority to conduct several activities-show property to renters, check references and negotiate leases. Designated agency - A dual agent cannot fully represent both parties so the agent ...

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. - D. A complete estimated closing statement. At the time the buyer signs the written offer, th...

Alabama Real Estate License Exam| Questions and 100% Correct Answers

Alabama Real Estate Exam Prep All Rated A+ "To uphold, protect, and promote the public interest, which embraces the interests of regulated licensees and entities and the interest of consumers, by the fair and impartial development and administration of licensing laws and regulations." Alabama Real Estate Commission Mission Statement Protect consumers from unprofessional practices. What is the primary purpose of license laws? Buyers, Sellers, Tenants, and Land/Building Owners Who do...

After passing state exam, you have ___ days to apply for a Temporary License, either on an Active or Inactive basis. - 90 Temporary Licenses are only valid for ___ year(s), and cannot be renewed. - 1 For an Original License, you must pass a ___ hour post-license course. - 30 If Temporary License is ACTIVE, the post-license course must be completed within ___ months. - 6. If the post-license course is not completed within ___ year(s), the Temporary License lapses. This period begins o...

Alabama Real Estate Exam Questions and Answers 2024

Alabama Real Estate Vocabulary Complete Solutions Real Property Land from center of earth upward to the sky Concepts of land's value - DUST Demand, Utility, Scarcity, Transferability Real Estate Land and interest, rights, and benefits inherent in real estate ownership Situs - Site Preference Personal preference for one property over another Appurtenant - Goes With right, privilege, or improvement belonging to and passing with property - runs with land Tangible - touchable - physic...

Alabama Real estate Exam Questions And Answers Rated 100% Correct!

The consumer member of the Alabama Real Estate Commission must be _____. a licensed broker a licensed salesperson an owner of real property a licensed salesperson or broker - an owner of real property Which of the following is NOT a purpose of the Alabama Real Estate License Law? to set qualifications for licensees to enhance the standards of the real estate profession to protect the public against incompetent licensees to regulate commission rates charged by licensees - to regulate com...