Alabama real estate exam Study guides, Class notes & Summaries

Helen - correct answerBender contract - correct answeran agreement between two legally competent parties Expressed Contract - correct answera written or oral agreement in which the intent of the parties is stated(expressed) in the contract itself example of expressed contract - correct answera contract to sell real estate. 1. the intent of the seller to sell and the buyer to buy is stated in the contract. A verbal lease on an apartment for 3 months 1. both parties verbally state the...

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. - correct answerD. A complete estimated closing statement. At the time the buyer signs the wri...

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...

"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 does license law protect? Law of Contracts...

Alabama Real Estate License Exam Questions and Answers Already Passed 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...

Alabama Real Estate Exam - Questions I've Struggled With Verified Answers 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 ac...

Alabama Real Estate Exam 2023-2024 - Questions and Answers 100% Correct Alabama Real Estate Exam 2023-2024 - Questions and Answers 100% Correct Alabama Real Estate Exam 2023-2024 - Questions and Answers 100% Correct Alabama Real Estate Exam 2023-2024 - Questions and Answers 100% Correct 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 d...

Alabama Real Estate Exam Questions and Answers 2024

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...

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