Alabama real estate - Study guides, Class notes & Summaries

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 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...

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...

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

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

Alabama Real Estate Exam Questions and Answers 2024

Alabama Real Estate Exam All Answers Correct What type of listing is typically a verbal agreement? ️An Open Listing Implied Agency ️Relationship was never discussed but actions of one or more of the parties "implied" a relationship exists. What two agreements are considered personal services agreements? ️Listing agreement and Buyer agreement When both the buyer and the seller are represented by the same brokerage firm is called: ️Dual Agency Who typically manages the M...

ALABAMA REAL ESTATE EXAM QUESTIONS & ANSWERS 100% CORRECT Special or Specific Agency - ANSWER-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 - ANSWER-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

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...

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