Alabama real estate exam Study guides, Class notes & Summaries

A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. - correct answerdesignated agency A _________ agency gives the agent authority to do one specific thing on the principal's behalf. - correct answerspecial or specific A _________ agency gives the agent the authority to do several activities on the principal's behalf. - correct an...

Alabama Real estate practice exam | Latest 2024

Alabama Real Estate Exam Questions and Answers Graded A A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. designated agency A _________ agency gives the agent authority to do one specific thing on the principal's behalf. special or specific A _________ agency gives the agent the authority to do several activities on the principal's...

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...

Which of these people can be helped by Alabama's real estate regulations? A) Dale found a small shed that he wants to buy for his backyard. However, the shed is used, and he's not sure if it's well made. B) Lucy wants to rent an apartment. She found one that looks nice, but she's not sure that the landlord's rules are fair. C) Samantha wants to start a small bakery in her town, which means there's a lot of paperwork she has to do. She's not sure where to go. D) Trent is selling a car,...

Alabama Real Estate License Exam Prep 2023/2024 Questions and Answers (Graded A)Alabama Real Estate License Exam Prep 2023/2024 Questions and Answers (Graded A)Alabama Real Estate License Exam Prep 2023/2024 Questions and Answers (Graded A)Alabama Real Estate License Exam Prep 2023/2024 Questions and Answers (Graded A)Alabama Real Estate License Exam Prep 2023/2024 Questions and Answers (Graded A) A buyer's agent receives a written offer on a single family residence that her buyers wish to sub...

Alabama Real Estate License Exam Prep Questions And Answers With Verified Solutions Alabama Real Estate License Exam Prep Questions And Answers With Verified Solutions

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Alabama Real Estate License Exam Questions And Answers |Verified

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 ...