Alabama Salesperson Pre-license Exam Practice Questions and Answers

The end result of rescinding the contract is that? The contract is null and void If a contractor is planning to build a new apartment complex he or she needs to consult the Americans with disabilities act standards to Avoid any potential find by the United States Attorney General What is true regarding the platform-frame construction method? It is the type of construction most generally used in home building What type of agent has the power of attorney? Universal Agent An agent's duties to a principal include which of the following? Disclosure or notice Licensee Finn reported to the lender that the sales price was $5000 higher than it actually was as the buyer requested him to This is an example of intentional fraud Does a seller have the option to reject subagency when signing the listing agreement? Yes, the seller can choose to reject or accept subagency In most states A licensee must provide a(n) written disclosure of any existing agency relationships to all parties at first substantive contact to whom they provide real estate brokerage services Which of the following is a common type of agency relationship? Buyer/Tenant agency Licensee Chad works for broker Michael. Licensee Chad has a listing agreement with seller Ray. Licensee Chad decided to transfer brokers. What will most likely happen with Chad's listing? It will stay with Michael's brokerage An owner set a minimum amount that he wants to receive from the sale of the property and lets the broker have as commission any amount above the set minimum In a net listing Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now? A copy of the signed listing agreement