Alabama post license exam - Study guides, Class notes & Summaries

1. The real estate market is local in nature what does that mean? - Answer- Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up w...

A broker who operates a brokerage business within the corporate city limits of Montgomery A. maintain maintain his place of business in his home B. May not hire sales people C. must be sure his/her office is located in property zone for business (answer) D. all of the above Any person desiring to make an appeal of a decision or ruling of the commission to a quart must post a satisfactory appeal bond in the amount of $200 Of the following, who would be exempt from the licensure provision...

Gold Coast School Real Estate Questions Ch.1-19||Complete Questions with 100% Correct Answers 1. The real estate market is local in nature what does that mean? Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of...

Alabama Salesperson Pre-Licensing Course Exam Prep: AL Real Estate Commission, Licensing, Regulations, and Practice Flashcard Set Purpose of license laws Protect consumers from unprofessional practices The four areas of real estate law Contracts, general property, agency, and state-specific license laws Alabama real estate recovery fund Compensates consumers who are awarded a judgment for fraud, deceit, or misrepresentation in a real estate transaction and have exhausted all other remedi...

Farming - ANSWER licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - ANSWER Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business Tract building - ANSWER When a developer acquires a large tract of land, records a subdivision plat map, and uses a model center from which sales may be made Local level - ANSWER Government Regulation...

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...

Gold Coast School Real Estate Questions Ch.1-19||Complete Questions with 100% Correct Answers 1. The real estate market is local in nature what does that mean? Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of...

1. The real estate market is local in nature what does that mean? Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up with cus...

The consumer member of the Alabama Real Estate Commission must be_____ years of age or older. -19 -20 -21 -24 21 Prior to the appointment of each original appointee to the Alabama Real Estate Commission, these persons must have been residents and citizens of Alabama for a minimum of -three years. -five years. -six years. -ten years. ten years 00:02 01:38 Each member of the Commission____________________during the time in which he/she serves as a Commissioner. ...

Farming - Answer- licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - Answer- Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business Tract building - Answer- When a developer acquires a large tract of land, records a subdivision plat map, and uses a model center from which sales may be made Local level - Answer- Government Regu...