COLIBRI REAL ESTATE 30-HOUR
ALABAMA POST LICENSE COURSE
PRACTICE EXAM CORRECT 100%
Alabama law states that a broker who accepts a net listing could face disciplinary
charges from the Alabama Real Estate Commission, including having his or her
licensed suspended, revoked, and/or - ANSWERbeing required to pay a fee.
What do you call a person who obtains information, advice, or services concerning
real estate from a real estate licensee? - ANSWERA consumer
How many months of property taxes does a buyer need to pay in advance? -
ANSWER3
What type of brokers are compensated based on the sale price where the agent
receives an agreed-upon fixed price when the property is sold? - ANSWERFlat Fee
Service Brokers
Neighborhoods considered "bad" because of high crime rates can and often do face
- ANSWERdeclining values.
What type of phone call uses a computerized auto-dialer to deliver a pre-recorded
message? - ANSWERRobocalls
Who has the main responsibility for keeping records in a real estate transaction? -
ANSWERThe qualifying broker
If a landlord does not mail the deposit, partial deposit, and/or accounting within the
required 60-day period, the landlord must pay the tenant - ANSWERdouble the
deposit.
If a group of brokers belonging to a certain Board of REALTORS® get together and
decide they will charge a 20% commission on the purchase of all commercial
properties, those brokers are violating - ANSWERantitrust laws.
It is crucial licensees follow property disclosure requirements. Failure to do so can
result in a licensee losing his or her license and/or - ANSWERfacing a lawsuit.
The Statute of Frauds requires that certain contracts must be in writing to be -
ANSWERenforceable.
Properties that have existing easements could be viewed as - ANSWERless
desirable.
Which protected classes were added by the Fair Housing Amendments Act in 1988?
- ANSWERHandicap and familiar status
ALABAMA POST LICENSE COURSE
PRACTICE EXAM CORRECT 100%
Alabama law states that a broker who accepts a net listing could face disciplinary
charges from the Alabama Real Estate Commission, including having his or her
licensed suspended, revoked, and/or - ANSWERbeing required to pay a fee.
What do you call a person who obtains information, advice, or services concerning
real estate from a real estate licensee? - ANSWERA consumer
How many months of property taxes does a buyer need to pay in advance? -
ANSWER3
What type of brokers are compensated based on the sale price where the agent
receives an agreed-upon fixed price when the property is sold? - ANSWERFlat Fee
Service Brokers
Neighborhoods considered "bad" because of high crime rates can and often do face
- ANSWERdeclining values.
What type of phone call uses a computerized auto-dialer to deliver a pre-recorded
message? - ANSWERRobocalls
Who has the main responsibility for keeping records in a real estate transaction? -
ANSWERThe qualifying broker
If a landlord does not mail the deposit, partial deposit, and/or accounting within the
required 60-day period, the landlord must pay the tenant - ANSWERdouble the
deposit.
If a group of brokers belonging to a certain Board of REALTORS® get together and
decide they will charge a 20% commission on the purchase of all commercial
properties, those brokers are violating - ANSWERantitrust laws.
It is crucial licensees follow property disclosure requirements. Failure to do so can
result in a licensee losing his or her license and/or - ANSWERfacing a lawsuit.
The Statute of Frauds requires that certain contracts must be in writing to be -
ANSWERenforceable.
Properties that have existing easements could be viewed as - ANSWERless
desirable.
Which protected classes were added by the Fair Housing Amendments Act in 1988?
- ANSWERHandicap and familiar status
