Final Exam-Career Academy of Real
Estate Questions & Answers
Purpose of License Law / Rules and Regulations - ANSWERS-Do everything necessary
to enforce Alabama license law
-Adopt and enforce rules and regulations
How many Real Estate commissioners? - ANSWERS(9) 7 commissioners from each of
the 7 congressional districts, the black member and the consumer commissioner
Qualifications for 7 Commissioners and black commissioner? - ANSWERS-AL resident
for 10 years
-Employed as RE sales people/brokers for 10 years
-Not eligible if convicted of violating any federal/state RE license law
Qualifications for consumer commissioner? - ANSWERS-21 y/o
-AL resident for 10 years
-Registered voter in AL
-No felony convictions
-Must be owner of real property
-Has NOT been licensed sales person/broker during previous 10 years
-Is NOT related to/employed by a RE licensee
Who is AL license law written by? - ANSWERSAL State Legislators
Who wrote the Rules & Regulations? - ANSWERSAL RE Commissioners
How does one become a RE Commissioner? - ANSWERS-APPOINTED by the
governor
-CONFIRMED by the senate
How many terms does a commissioner serve? - ANSWERS-5 year terms
-Cannot serve more than 2 consecutive terms
,Quorum - ANSWERS-5 Commissioners
-Must be present to conduct business
When is a new chairperson elected? - ANSWERSEvery time a commissioner is added
Who do the Commissioners employ? - ANSWERS-An executive director
-An assistant executive director
-Other staff if necessary
What are commissioners paid? - ANSWERS-$300/month
-Travel expenses
-A per diem
Is a commissioner liable when performing duties? - ANSWERSNo commissioner shall
be liable for damages resulting from any act performed in carrying out duties as a
commissioner
When is a license required? - ANSWERS-Sell, exchange, purchase, rent or lease RE
belonging to someone other than the owner him/herself, or his/her spouse, child or
parent
-Negotiate for any of above functions
-List or offer to list real property for any of above functions
-Auction real property
-Buy, sell or deal in options on RE
-Aid in locating or obtaining RE for above functions
-Procure prospects for effecting the sale, exchange, lease or rental of RE
Procure properties for effecting the sale, exchange, lease or rental of RE
-Present oneself as being able to perform an act for which a license is required
When is one exempt from needing a RE license? - ANSWERS-Owner dealing with their
own property or property of spouse, child or parent
-Attorney, when performing professional duties for a client
-A person acting w/o compensation under a duly authorized power of attorney
-A person/state/financial institution acting as a receiver, trustee, administrator, executor,
or guardian; or acting under a court order, trust instrument in will
-Public officer performing their official duties
-Person is performing clerical or administrative duties for a licensee
-Manager of an apartment complex
-Person licensed to sell timeshares
-Person selling cemetery lots
Qualifications for an Original License? - ANSWERS-Trustworthy/competent so as to
safeguard the interests of the public
-Cannot have had a RE license rejected or revoked in any state during the previous 2
years for any reason except failure to pass state exam
-19 y/o+
, -US citizen/legally present w/appropriate documentation/alien w/permanent resident
status
-High school graduate or equivalent
-Complete 60 hour course within 1 year from date of enrollment (including passing
course exam w/70%+)
-Pass AL State exam w/70%+
AL Reciprocal License - ANSWERS-Complete 6 hour reciprocal salesperson/broker
course
-Pass AL reciprocal state salesperson/broker exam w/70%+ (40 multiple choice on AL
license law)
-Show proof of current license in other state
Post-License Education - ANSWERS-A temporary salesperson's license is only valid for
1 year
-Must be turned into an original license within 1 year by taking 30 hour post license
course
Broker License Requirements - ANSWERS-Have had a salesperson's license for 24 of
the last 36 months
-60 hour broker course
-Pass course final & state exam
Qualifying Broker - ANSWERS-Person under whom the company is licensed
-Supervising broker responsible for acts of company & licensees
-Licensed in AL
-Principal business must be that of a QB
-Must be in a position to to supervise activities of licensees working for them on a full-
time basis
Associate Broker - ANSWERS-Any broker other than a qualifying broker
-Not responsible for supervising/managing licensees
Termination of QB status - ANSWERSCompany withdraws from broker/licensee
-Notify commissioner in writing
-Notify broker/salesperson in writing
-Return license
QB withdraws from company
-Give written notice to the company
-Give written notice to the commission
Temporary QB - ANSWERSIf a QB dies/becomes disabled, company license would
become inactive
-HOWEVER, company has 30 days to designate a temporary QB
-Must be a broker or salesperson w/at least 1 year experience
-Company has 6 months to designate the real QB
Estate Questions & Answers
Purpose of License Law / Rules and Regulations - ANSWERS-Do everything necessary
to enforce Alabama license law
-Adopt and enforce rules and regulations
How many Real Estate commissioners? - ANSWERS(9) 7 commissioners from each of
the 7 congressional districts, the black member and the consumer commissioner
Qualifications for 7 Commissioners and black commissioner? - ANSWERS-AL resident
for 10 years
-Employed as RE sales people/brokers for 10 years
-Not eligible if convicted of violating any federal/state RE license law
Qualifications for consumer commissioner? - ANSWERS-21 y/o
-AL resident for 10 years
-Registered voter in AL
-No felony convictions
-Must be owner of real property
-Has NOT been licensed sales person/broker during previous 10 years
-Is NOT related to/employed by a RE licensee
Who is AL license law written by? - ANSWERSAL State Legislators
Who wrote the Rules & Regulations? - ANSWERSAL RE Commissioners
How does one become a RE Commissioner? - ANSWERS-APPOINTED by the
governor
-CONFIRMED by the senate
How many terms does a commissioner serve? - ANSWERS-5 year terms
-Cannot serve more than 2 consecutive terms
,Quorum - ANSWERS-5 Commissioners
-Must be present to conduct business
When is a new chairperson elected? - ANSWERSEvery time a commissioner is added
Who do the Commissioners employ? - ANSWERS-An executive director
-An assistant executive director
-Other staff if necessary
What are commissioners paid? - ANSWERS-$300/month
-Travel expenses
-A per diem
Is a commissioner liable when performing duties? - ANSWERSNo commissioner shall
be liable for damages resulting from any act performed in carrying out duties as a
commissioner
When is a license required? - ANSWERS-Sell, exchange, purchase, rent or lease RE
belonging to someone other than the owner him/herself, or his/her spouse, child or
parent
-Negotiate for any of above functions
-List or offer to list real property for any of above functions
-Auction real property
-Buy, sell or deal in options on RE
-Aid in locating or obtaining RE for above functions
-Procure prospects for effecting the sale, exchange, lease or rental of RE
Procure properties for effecting the sale, exchange, lease or rental of RE
-Present oneself as being able to perform an act for which a license is required
When is one exempt from needing a RE license? - ANSWERS-Owner dealing with their
own property or property of spouse, child or parent
-Attorney, when performing professional duties for a client
-A person acting w/o compensation under a duly authorized power of attorney
-A person/state/financial institution acting as a receiver, trustee, administrator, executor,
or guardian; or acting under a court order, trust instrument in will
-Public officer performing their official duties
-Person is performing clerical or administrative duties for a licensee
-Manager of an apartment complex
-Person licensed to sell timeshares
-Person selling cemetery lots
Qualifications for an Original License? - ANSWERS-Trustworthy/competent so as to
safeguard the interests of the public
-Cannot have had a RE license rejected or revoked in any state during the previous 2
years for any reason except failure to pass state exam
-19 y/o+
, -US citizen/legally present w/appropriate documentation/alien w/permanent resident
status
-High school graduate or equivalent
-Complete 60 hour course within 1 year from date of enrollment (including passing
course exam w/70%+)
-Pass AL State exam w/70%+
AL Reciprocal License - ANSWERS-Complete 6 hour reciprocal salesperson/broker
course
-Pass AL reciprocal state salesperson/broker exam w/70%+ (40 multiple choice on AL
license law)
-Show proof of current license in other state
Post-License Education - ANSWERS-A temporary salesperson's license is only valid for
1 year
-Must be turned into an original license within 1 year by taking 30 hour post license
course
Broker License Requirements - ANSWERS-Have had a salesperson's license for 24 of
the last 36 months
-60 hour broker course
-Pass course final & state exam
Qualifying Broker - ANSWERS-Person under whom the company is licensed
-Supervising broker responsible for acts of company & licensees
-Licensed in AL
-Principal business must be that of a QB
-Must be in a position to to supervise activities of licensees working for them on a full-
time basis
Associate Broker - ANSWERS-Any broker other than a qualifying broker
-Not responsible for supervising/managing licensees
Termination of QB status - ANSWERSCompany withdraws from broker/licensee
-Notify commissioner in writing
-Notify broker/salesperson in writing
-Return license
QB withdraws from company
-Give written notice to the company
-Give written notice to the commission
Temporary QB - ANSWERSIf a QB dies/becomes disabled, company license would
become inactive
-HOWEVER, company has 30 days to designate a temporary QB
-Must be a broker or salesperson w/at least 1 year experience
-Company has 6 months to designate the real QB
