PREPWITH COMPLETE UPDATE NEW
SOLUTION GUIDE 2024-2025
A salesperson discovers an error on the closing statement. Who is responsible for ensuring the accuracy
of closing statements?
A) The salesperson is responsible
B) The salesperson's broker is responsible
C) The title company is responsible
D) The attorney is responsible - B) The salesperson's broker is responsible
Although a salesperson should double-check all documents for accuracy, it is the broker who is
responsible for the accuracy of agreements, offers, contacts, closing statements and other documents.
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, the licensee must present an estimated closing statement
that contains the licensee's best estimates of all costs the buyer is expected to have at closing and the
approximate amounts of those costs.
,Appointees to the Alabama Real Estate Commission must be considered residents and citizens of the
state for a minimum of how many years prior to their appointment?
A) 1 year
B) 3 years
C) 10 years
D) 12 years - C) 10 years
Commission appointees must be citizens and residents of Alabama for at least 10 years prior to their
appointment.
The minimum required term of each Alabama Real Estate Commissioner is at least
A) 1 year.
B) 3 years.
C) 5 years.
D) 10 years. - C) 5 years.
What is the term limit declared in Alabama state law for Alabama Real Estate Commissioners?
A) 1 term in office
B) 2 consecutive terms of office
C) 3 consecutive terms of office
D) 12 years total - B) 2 consecutive terms of office
For which of the following may the Governor NOT remove from office any member of the Commission?
A) Incompetence
B) Political affiliation
C) Dishonest conduct
, D) Inability to perform or neglecting to perform the duties required of members - B) Political affiliation
The Alabama Real Estate Commission is comprised of
A) 12 members.
B) 4 members.
C) 6 members.
D) 9 members. - D) 9 members.
Which of the following best describes a sub-agent?
A) A sub-agent is engaged by and represents a single client.
B) A sub-agent is engaged by a single client but represents the interests of both sides of a brokerage
transaction.
C) A sub-agent is engaged at the mutual agreement of both sides of a brokerage transaction and equally
represents the interests of both parties.
D) A sub-agent acts for and helps another broker in performing brokerage services for a client. - D) A
sub-agent acts for and helps another broker in performing brokerage services for a client.
Within the first year of licensure, a real estate salesperson must complete how many hours of post-
license coursework?
A) 30 hours
B) 60 hours
C) 90 hours
D) 120 hours - A) 30 hours
Which of the following is TRUE of permanent school records?
A) Schools maintain attendance and course completion records for 1 year, but applicants and licensees
must retain copies of their school records for at least 3 years from the date of course completion.