CE SHOP (ALABAMA) FINAL EXAM
REVIEW | 100 QUESTIONS | WITH
ANSWERS RATED 100% CORRECT!!
1 of 100
Term
Which of the following individuals is NOT exempt from taking CE in
Alabama?
Give this one a try later!
Sarah, a part-time agent, works less Tom, a retired agent, has been out
than 10 hours a week. of the business for over five years.
, Mick, a managing broker, has
Lisa, a new agent, is under 21 years
been receiving disability
old.
checks for more than a year,
due to a bad car crash.
Don't know?
2 of 100
Term
What's the maximum fine the Alabama Real Estate Commission can
impose on a licensee?
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$1,500 $3,000
$3,500 $2,500
Don't know?
, 3 of 100
Term
Danielle doesn't live in Alabama. She's entered into a written
agreement with an Alabama broker that says that they agree to work
together on a particular transaction. The written agreement gives
details about the property in question, and Danielle now has to file
the written agreement with AREC. What kind of agreement is this?
Give this one a try later!
Commission Split Parallel Transaction
Dual Agency Co-brokerage
Don't know?
4 of 100
Term
To whom must a licensee, representing a buyer, disclose agency
status?
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Only the seller needs to know No one needs to be informed
, Only the buyer needs to know All parties in the transaction
Don't know?
5 of 100
Term
Alabama licensee Frank has just met with consumer Emily, who's in
the market for a house. Which of the following is true of this
situation?
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Frank can only present the booklet Frank must present the booklet
after a contract is signed. before discussing any properties.
Frank isn't required to present
Frank is required to present
the consumer information
the booklet only to sellers.
booklet to Emily at any time,
but he may do so if he'd
like.
Don't know?
6 of 100
Term
Josef is a salesperson in Alabama. His buyer clients have just given
him a check for earnest money. What should he do with it?
REVIEW | 100 QUESTIONS | WITH
ANSWERS RATED 100% CORRECT!!
1 of 100
Term
Which of the following individuals is NOT exempt from taking CE in
Alabama?
Give this one a try later!
Sarah, a part-time agent, works less Tom, a retired agent, has been out
than 10 hours a week. of the business for over five years.
, Mick, a managing broker, has
Lisa, a new agent, is under 21 years
been receiving disability
old.
checks for more than a year,
due to a bad car crash.
Don't know?
2 of 100
Term
What's the maximum fine the Alabama Real Estate Commission can
impose on a licensee?
Give this one a try later!
$1,500 $3,000
$3,500 $2,500
Don't know?
, 3 of 100
Term
Danielle doesn't live in Alabama. She's entered into a written
agreement with an Alabama broker that says that they agree to work
together on a particular transaction. The written agreement gives
details about the property in question, and Danielle now has to file
the written agreement with AREC. What kind of agreement is this?
Give this one a try later!
Commission Split Parallel Transaction
Dual Agency Co-brokerage
Don't know?
4 of 100
Term
To whom must a licensee, representing a buyer, disclose agency
status?
Give this one a try later!
Only the seller needs to know No one needs to be informed
, Only the buyer needs to know All parties in the transaction
Don't know?
5 of 100
Term
Alabama licensee Frank has just met with consumer Emily, who's in
the market for a house. Which of the following is true of this
situation?
Give this one a try later!
Frank can only present the booklet Frank must present the booklet
after a contract is signed. before discussing any properties.
Frank isn't required to present
Frank is required to present
the consumer information
the booklet only to sellers.
booklet to Emily at any time,
but he may do so if he'd
like.
Don't know?
6 of 100
Term
Josef is a salesperson in Alabama. His buyer clients have just given
him a check for earnest money. What should he do with it?
