Alabama License Law Exam 2 Practice Questions and Answers

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 provisions of the License Law? public officers performing their duties Alabama law permits a broker to A. take a net listing on a property B. automatically extend the term of the listing contract without notifying the principal C. purchase property listed with his firm without notifying the seller of his intent to do so D. none of the above (answer) Upon acceptance and delivery of any sales contract, the selling broker should Voluntarily furnish a copy of the sales contract to all parties executing the contract An applicant for salesman's license having completed the pre-license course must pass the state exam within Six months of completion of pre-license course All of the following require a real estate license except Manages an apartment complex for a principal when submitting application For a sales person license, all of the following must be submitted except $30 for recovery fund if applying for an active license Broker promising to pay an owner $500 if owner would list with broker and then failing to pay is an example of Making a false promise to induce seller to list All of the following are correct regarding qualifying broker except : A. Have a separate license for each company serving as qualifying broker B. must be licensed as broker for a minimum of 24 out of the past 36 months to become approved as a qualifying broker (answer) C. Real estate must be principal business D. must actually provide full-time supervision for all licensees with company