Alabama Reciprocal Study Guide Exam
Questions With Complete Solutions
One purpose of the Alabama Real Estate License law is to regulate commission rates
charged by licencees. True or False - CORRECT ANSWER-False
The Alabama Real Estate Commission is composed of how many members -
CORRECT ANSWER-9
How many members of Alabama Real Estate Commission are required to have 10
years experience as a real estate licensee? - CORRECT ANSWER-8
A consumer member of the Alabama Real Estate Commission must - CORRECT
ANSWER-own real estate
The members of the Commission are appointed by the - CORRECT ANSWER-governor
The members of the Commission are confirmed by - CORRECT ANSWER-the senate
Members of the Alabama Real Estate Commission serve a term of - CORRECT
ANSWER-5 years
The executive director of the Real Estate Commission is - CORRECT ANSWER-
employed by the commission
The money that the AREC operates comes from who? - CORRECT ANSWER-Almost
entirely from fees
,the fees collected by the Alabama Real Estate Commission must be deposited -
CORRECT ANSWER-with the state treasurer
The AREC Law requires licenses for - CORRECT ANSWER-brokers and salespeople
Someone who receives compensation from a principal for buying, selling, leasing,
renting, exchanging, or optioning real property is a real estate - CORRECT ANSWER-
broker
In order to sell property in Alabama, an individual - CORRECT ANSWER-may
cooperate with an Alabama real estate licensee or have an AL real estate license
The education and examination requirements for licensure as an associate broker are
_____. - CORRECT ANSWER-the same as for a qualifying broker
An associate broker works on behalf of - CORRECT ANSWER-a qualifying broker only
A salesperson works on behalf of - CORRECT ANSWER-a qualifying broker only
The services provided by a licensed salesperson are generally - CORRECT ANSWER-
the same as those performed by a broker
Someone who acts on behalf of a broker to assist in buying, selling, leasing, renting,
exchanging, or optioning real property is a real estate - CORRECT ANSWER-
salesperson or associate broker
A person performing only clerical or administrative tasks for a broker is exempt from
licensing requirements. True or False - CORRECT ANSWER-True
, A person hired by a broker to show the broker's listings must be licensed. True or False
- CORRECT ANSWER-True
A state or federally chartered financial institution acting under a court order is exempt
from licensing requirements. True or False - CORRECT ANSWER-True
When are public officials exempt from real estate licensing requirements? - CORRECT
ANSWER-When conducting official business
A person acting, without compensation, under a duly authorized power of attorney to
carry out a specific real estate transaction - CORRECT ANSWER-is exempt from
licensing requirements
To receive a broker's or salesperson's license in Alabama, a person must be at least
_____ years old. - CORRECT ANSWER-19
To receive an Alabama salesperson's license, a person must successfully complete
prelicense education totaling at least _____ hours. - CORRECT ANSWER-60
To receive an Alabama broker's license, a person must successfully complete
prelicense education totaling at least _____ hours. - CORRECT ANSWER-60
To receive an Alabama broker's license, a person must have been an active real estate
licensee for _____. - CORRECT ANSWER-at least 2 of the previous 3 years
After passing the state exam, an applicant must affiliate with a qualifying broker (or
request that his/her license be placed on inactive status) within _____. - CORRECT
ANSWER-90 days
A temporary license is valid for _____. - CORRECT ANSWER-1 year
Questions With Complete Solutions
One purpose of the Alabama Real Estate License law is to regulate commission rates
charged by licencees. True or False - CORRECT ANSWER-False
The Alabama Real Estate Commission is composed of how many members -
CORRECT ANSWER-9
How many members of Alabama Real Estate Commission are required to have 10
years experience as a real estate licensee? - CORRECT ANSWER-8
A consumer member of the Alabama Real Estate Commission must - CORRECT
ANSWER-own real estate
The members of the Commission are appointed by the - CORRECT ANSWER-governor
The members of the Commission are confirmed by - CORRECT ANSWER-the senate
Members of the Alabama Real Estate Commission serve a term of - CORRECT
ANSWER-5 years
The executive director of the Real Estate Commission is - CORRECT ANSWER-
employed by the commission
The money that the AREC operates comes from who? - CORRECT ANSWER-Almost
entirely from fees
,the fees collected by the Alabama Real Estate Commission must be deposited -
CORRECT ANSWER-with the state treasurer
The AREC Law requires licenses for - CORRECT ANSWER-brokers and salespeople
Someone who receives compensation from a principal for buying, selling, leasing,
renting, exchanging, or optioning real property is a real estate - CORRECT ANSWER-
broker
In order to sell property in Alabama, an individual - CORRECT ANSWER-may
cooperate with an Alabama real estate licensee or have an AL real estate license
The education and examination requirements for licensure as an associate broker are
_____. - CORRECT ANSWER-the same as for a qualifying broker
An associate broker works on behalf of - CORRECT ANSWER-a qualifying broker only
A salesperson works on behalf of - CORRECT ANSWER-a qualifying broker only
The services provided by a licensed salesperson are generally - CORRECT ANSWER-
the same as those performed by a broker
Someone who acts on behalf of a broker to assist in buying, selling, leasing, renting,
exchanging, or optioning real property is a real estate - CORRECT ANSWER-
salesperson or associate broker
A person performing only clerical or administrative tasks for a broker is exempt from
licensing requirements. True or False - CORRECT ANSWER-True
, A person hired by a broker to show the broker's listings must be licensed. True or False
- CORRECT ANSWER-True
A state or federally chartered financial institution acting under a court order is exempt
from licensing requirements. True or False - CORRECT ANSWER-True
When are public officials exempt from real estate licensing requirements? - CORRECT
ANSWER-When conducting official business
A person acting, without compensation, under a duly authorized power of attorney to
carry out a specific real estate transaction - CORRECT ANSWER-is exempt from
licensing requirements
To receive a broker's or salesperson's license in Alabama, a person must be at least
_____ years old. - CORRECT ANSWER-19
To receive an Alabama salesperson's license, a person must successfully complete
prelicense education totaling at least _____ hours. - CORRECT ANSWER-60
To receive an Alabama broker's license, a person must successfully complete
prelicense education totaling at least _____ hours. - CORRECT ANSWER-60
To receive an Alabama broker's license, a person must have been an active real estate
licensee for _____. - CORRECT ANSWER-at least 2 of the previous 3 years
After passing the state exam, an applicant must affiliate with a qualifying broker (or
request that his/her license be placed on inactive status) within _____. - CORRECT
ANSWER-90 days
A temporary license is valid for _____. - CORRECT ANSWER-1 year
