ALABAMA RECIPROCAL CORRECT FINALS
QUESTIONS AND ANSWERS SET A+
✔✔A licensed office employee is permitted to _____. - ✔✔1. accept listings
2. assemble documents for real estate transactions
3. show properties
✔✔An Alabama broker cooperates with an out-of-state broker on the sale of property
located in Alabama.In this situation, who is responsible for verifying that the cooperating
broker is licensed as a broker in another state? - ✔✔the Alabama broker
✔✔An Alabama broker cooperates with an out-of-state broker on the sale of property
located in Alabama.In this situation, the earnest money is held in escrow by the
Alabama broker _____. - ✔✔unless parties agree in writing to have it held elsewhere
✔✔An Alabama broker cooperates with an out-of-state broker on the sale of property
located in Alabama.According to the rules of the Alabama Commission, There must be
a listing or joint listing of the property. True or false - ✔✔true
✔✔To obtain a broker or salesperson's license, an applicant must complete a total of
_____ hours of prelicense education. - ✔✔60
✔✔An applicant who completed the 60-hour prelicense course for a salesperson's
license on October 14, 2016 must pass the state licensing exam within _____ months. -
✔✔6 months
✔✔An applicant for a salesperson's license completed all prelicense course
requirements on July 1, 2016. The applicant failed to pass the state exam within 12
months after completing the course requirements. - ✔✔retake the entire prelicense
course and the state exam
,✔✔In order to be admitted to the licensing exam, a Certificate of Course Completion
must be presented to the exam center supervisor by _____. - ✔✔salesperson
applicants only
✔✔The passing grade for the state licensing exam is _____. - ✔✔70% for both broker
and salesperson applicants
✔✔To renew an active license, a licensee must complete continuing education courses
totaling _____ hours. - ✔✔15
✔✔To renew a license that is on inactive status, a licensee must complete continuing
education courses totaling _____ hours. - ✔✔0
✔✔To activate a license that has been on inactive status, a licensee must complete
continuing education courses totaling _____ hours. - ✔✔15
✔✔A qualifying broker signs a sworn statement indicating that a license applicant is
trustworthy.If an investigation reveals that the licensee is not trustworthy, the qualifying
broker may be subject to _____. - ✔✔a fine or revocation or suspension of his/her
license
✔✔A temporary license may be active for _____ months. - ✔✔6
✔✔A temporary license is issued on March 15, 2007.If the licensee does not complete
the post license course, the temporary license is placed on inactive status on _____. -
✔✔September 30, 2007
✔✔If a licensee does not complete the post license course within 6 months after
obtaining a temporary license, his/her license _____. - ✔✔is placed on inactive status
✔✔If a licensee does not complete the post license course within 12 months after
obtaining a temporary license, his/her license _____. - ✔✔lapses
✔✔If a licensee holding a temporary license wishes to transfer to a new qualifying
broker, he/she must provide written notification to _____. - ✔✔he Commission and the
former broker
✔✔When is a broker required to maintain a specified place of business? - ✔✔always
✔✔A broker is required to post a business sign at a place of business that includes
_____. - ✔✔Name of company as licenesed by the commission
, ✔✔If a broker conducts business under two partnerships operating at the same
address, the broker _____. - ✔✔must obtain a letter of consent from all partners
✔✔A broker serves as the qualifying broker for three corporations located at the same
office.How many licenses must the broker hold? - ✔✔three- one for each firm
✔✔When is a licensee permitted to hold a vacation timesharing seller's license under
one qualifying broker and a real estate salesperson's license under a different qualifying
broker?
always - ✔✔if he/she has written consent from both brokers
✔✔Which real estate licenses must be displayed at a broker's place of business? -
✔✔the business and all salespersons and associate brokers
✔✔A corporation withdraws consent for a salesperson to conduct business in its
name.In this situation, what should the corporation do with the salesperson's license? -
✔✔send it back to the Commission
✔✔If a broker changes his/her business address, he/she must _____. - ✔✔1. pay a
transfer fee
2. return all real estate licenses to the Commission
3. notify the Commission in writing within 30 days
✔✔If a licensee changes his/her business address, he/she must notify the Commission
in writing _____. - ✔✔within 30 days
✔✔In Alabama, the 2-year real estate license period is _____. - ✔✔October 1 (even
year) through SEpt 30 (next even year)
✔✔A license issued on December 10, 2006 expires at midnight on _____. -
✔✔September 30, 2008
✔✔If a licensee wishes to transfer to another broker at the same time he/she renews
his/her license, the licensee _____. - ✔✔must complete the standard transfer
procedures
✔✔According to the rules of the Commission, trust funds received by a salesperson
must be turned over to his/her qualifying broker _____. - ✔✔immediately upon receipt of
the funds
✔✔Who is typically responsible for depositing trust funds received by a salesperson? -
✔✔the salesperson's qualifying broker
QUESTIONS AND ANSWERS SET A+
✔✔A licensed office employee is permitted to _____. - ✔✔1. accept listings
2. assemble documents for real estate transactions
3. show properties
✔✔An Alabama broker cooperates with an out-of-state broker on the sale of property
located in Alabama.In this situation, who is responsible for verifying that the cooperating
broker is licensed as a broker in another state? - ✔✔the Alabama broker
✔✔An Alabama broker cooperates with an out-of-state broker on the sale of property
located in Alabama.In this situation, the earnest money is held in escrow by the
Alabama broker _____. - ✔✔unless parties agree in writing to have it held elsewhere
✔✔An Alabama broker cooperates with an out-of-state broker on the sale of property
located in Alabama.According to the rules of the Alabama Commission, There must be
a listing or joint listing of the property. True or false - ✔✔true
✔✔To obtain a broker or salesperson's license, an applicant must complete a total of
_____ hours of prelicense education. - ✔✔60
✔✔An applicant who completed the 60-hour prelicense course for a salesperson's
license on October 14, 2016 must pass the state licensing exam within _____ months. -
✔✔6 months
✔✔An applicant for a salesperson's license completed all prelicense course
requirements on July 1, 2016. The applicant failed to pass the state exam within 12
months after completing the course requirements. - ✔✔retake the entire prelicense
course and the state exam
,✔✔In order to be admitted to the licensing exam, a Certificate of Course Completion
must be presented to the exam center supervisor by _____. - ✔✔salesperson
applicants only
✔✔The passing grade for the state licensing exam is _____. - ✔✔70% for both broker
and salesperson applicants
✔✔To renew an active license, a licensee must complete continuing education courses
totaling _____ hours. - ✔✔15
✔✔To renew a license that is on inactive status, a licensee must complete continuing
education courses totaling _____ hours. - ✔✔0
✔✔To activate a license that has been on inactive status, a licensee must complete
continuing education courses totaling _____ hours. - ✔✔15
✔✔A qualifying broker signs a sworn statement indicating that a license applicant is
trustworthy.If an investigation reveals that the licensee is not trustworthy, the qualifying
broker may be subject to _____. - ✔✔a fine or revocation or suspension of his/her
license
✔✔A temporary license may be active for _____ months. - ✔✔6
✔✔A temporary license is issued on March 15, 2007.If the licensee does not complete
the post license course, the temporary license is placed on inactive status on _____. -
✔✔September 30, 2007
✔✔If a licensee does not complete the post license course within 6 months after
obtaining a temporary license, his/her license _____. - ✔✔is placed on inactive status
✔✔If a licensee does not complete the post license course within 12 months after
obtaining a temporary license, his/her license _____. - ✔✔lapses
✔✔If a licensee holding a temporary license wishes to transfer to a new qualifying
broker, he/she must provide written notification to _____. - ✔✔he Commission and the
former broker
✔✔When is a broker required to maintain a specified place of business? - ✔✔always
✔✔A broker is required to post a business sign at a place of business that includes
_____. - ✔✔Name of company as licenesed by the commission
, ✔✔If a broker conducts business under two partnerships operating at the same
address, the broker _____. - ✔✔must obtain a letter of consent from all partners
✔✔A broker serves as the qualifying broker for three corporations located at the same
office.How many licenses must the broker hold? - ✔✔three- one for each firm
✔✔When is a licensee permitted to hold a vacation timesharing seller's license under
one qualifying broker and a real estate salesperson's license under a different qualifying
broker?
always - ✔✔if he/she has written consent from both brokers
✔✔Which real estate licenses must be displayed at a broker's place of business? -
✔✔the business and all salespersons and associate brokers
✔✔A corporation withdraws consent for a salesperson to conduct business in its
name.In this situation, what should the corporation do with the salesperson's license? -
✔✔send it back to the Commission
✔✔If a broker changes his/her business address, he/she must _____. - ✔✔1. pay a
transfer fee
2. return all real estate licenses to the Commission
3. notify the Commission in writing within 30 days
✔✔If a licensee changes his/her business address, he/she must notify the Commission
in writing _____. - ✔✔within 30 days
✔✔In Alabama, the 2-year real estate license period is _____. - ✔✔October 1 (even
year) through SEpt 30 (next even year)
✔✔A license issued on December 10, 2006 expires at midnight on _____. -
✔✔September 30, 2008
✔✔If a licensee wishes to transfer to another broker at the same time he/she renews
his/her license, the licensee _____. - ✔✔must complete the standard transfer
procedures
✔✔According to the rules of the Commission, trust funds received by a salesperson
must be turned over to his/her qualifying broker _____. - ✔✔immediately upon receipt of
the funds
✔✔Who is typically responsible for depositing trust funds received by a salesperson? -
✔✔the salesperson's qualifying broker
