Colibri Real Estate 30-Hour Alabama Post
License Course Practice Exam UPDATED
ACTUAL Exam Questions and CORRECT
Answers
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 - CORRECT ANSWER - being required to pay a fee.
What type of phone call uses a computerized auto-dialer to deliver a pre-recorded message? -
CORRECT ANSWER - Robocalls
Who has the main responsibility for keeping records in a real estate transaction? - CORRECT
ANSWER - The 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 - CORRECT ANSWER - double 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 - CORRECT ANSWER - antitrust 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 - CORRECT ANSWER - facing a lawsuit.
The Statute of Frauds requires that certain contracts must be in writing to be - CORRECT
ANSWER - enforceable.
Properties that have existing easements could be viewed as - CORRECT ANSWER - less
desirable.
, What do you call a person who obtains information, advice, or services concerning real estate
from a real estate licensee? - CORRECT ANSWER - A consumer
How many months of property taxes does a buyer need to pay in advance? - CORRECT
ANSWER -3
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? - CORRECT ANSWER - Flat Fee
Service Brokers
Neighborhoods considered "bad" because of high crime rates can and often do face - CORRECT
ANSWER - declining values.
Which protected classes were added by the Fair Housing Amendments Act in 1988? -
CORRECT ANSWER - Handicap and familiar status
What tactic do negotiators use to pretend that an issue of little or no importance is very important
to them and then, later in the negotiation, the issue can be traded for a major concession of actual
importance? - CORRECT ANSWER - Bogey
What term is used when a contractor provides all materials and labor for a job? - CORRECT
ANSWER - Turnkey
Once a fixture become attached to the property, it - CORRECT ANSWER - becomes part
of the real property.
If an executor, administrator, or estate attorney has called a licensee for a listing appointment, it
would be wise to verify the person has the authority to - CORRECT ANSWER - convey
the property at a closing.
License Course Practice Exam UPDATED
ACTUAL Exam Questions and CORRECT
Answers
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 - CORRECT ANSWER - being required to pay a fee.
What type of phone call uses a computerized auto-dialer to deliver a pre-recorded message? -
CORRECT ANSWER - Robocalls
Who has the main responsibility for keeping records in a real estate transaction? - CORRECT
ANSWER - The 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 - CORRECT ANSWER - double 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 - CORRECT ANSWER - antitrust 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 - CORRECT ANSWER - facing a lawsuit.
The Statute of Frauds requires that certain contracts must be in writing to be - CORRECT
ANSWER - enforceable.
Properties that have existing easements could be viewed as - CORRECT ANSWER - less
desirable.
, What do you call a person who obtains information, advice, or services concerning real estate
from a real estate licensee? - CORRECT ANSWER - A consumer
How many months of property taxes does a buyer need to pay in advance? - CORRECT
ANSWER -3
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? - CORRECT ANSWER - Flat Fee
Service Brokers
Neighborhoods considered "bad" because of high crime rates can and often do face - CORRECT
ANSWER - declining values.
Which protected classes were added by the Fair Housing Amendments Act in 1988? -
CORRECT ANSWER - Handicap and familiar status
What tactic do negotiators use to pretend that an issue of little or no importance is very important
to them and then, later in the negotiation, the issue can be traded for a major concession of actual
importance? - CORRECT ANSWER - Bogey
What term is used when a contractor provides all materials and labor for a job? - CORRECT
ANSWER - Turnkey
Once a fixture become attached to the property, it - CORRECT ANSWER - becomes part
of the real property.
If an executor, administrator, or estate attorney has called a licensee for a listing appointment, it
would be wise to verify the person has the authority to - CORRECT ANSWER - convey
the property at a closing.
