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The Alabama Real Estate License Law requires licenses for _____.brokers and salespeople Someone who receives compensation from a principal for buying, selling, leasing, renting, exchanging, or optioning real property is a real estate _____.broker In order to sell property in Alabama, an indivi...
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Add to cartThe Alabama Real Estate License Law requires licenses for _____.brokers and salespeople Someone who receives compensation from a principal for buying, selling, leasing, renting, exchanging, or optioning real property is a real estate _____.broker In order to sell property in Alabama, an indivi...
In which of these matters is AREC most likely to get involved? Adam has been engaging in real estate activities, but his license lapsed five years ago The ______ enforces Alabama real estate rules and regulations. Alabama Real Estate Commission Where will you find official documentation about ...
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Add to cartIn which of these matters is AREC most likely to get involved? Adam has been engaging in real estate activities, but his license lapsed five years ago The ______ enforces Alabama real estate rules and regulations. Alabama Real Estate Commission Where will you find official documentation about ...
The Alabama Real Estate Commission is responsible for _____. establishing a multiple listing service all of the answers shown setting commission rates coordinating the approval of real estate schools coordinating the approval of real estate schools The Alabama Real Estate Commission is re...
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Add to cartThe Alabama Real Estate Commission is responsible for _____. establishing a multiple listing service all of the answers shown setting commission rates coordinating the approval of real estate schools coordinating the approval of real estate schools The Alabama Real Estate Commission is re...
How long is a full term of an Alabama commissioner?five years If there is a total of nine commissioners on the Board of Commissioners with a seat for each of the seven congressional districts and a consumer member, who is the last seat reserved for?Black member According to Alabama license law...
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Add to cartHow long is a full term of an Alabama commissioner?five years If there is a total of nine commissioners on the Board of Commissioners with a seat for each of the seven congressional districts and a consumer member, who is the last seat reserved for?Black member According to Alabama license law...
15 days AREC must give __?____ days notice of the hearing? 30 days How many days does AREC have to give before their decision is stated? 30 days How many days does the licensee have to decide if they will accept the decision of AREC or appeal it? conversion spending earnest money = theft ...
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Add to cart15 days AREC must give __?____ days notice of the hearing? 30 days How many days does AREC have to give before their decision is stated? 30 days How many days does the licensee have to decide if they will accept the decision of AREC or appeal it? conversion spending earnest money = theft ...
1. describe all four services in writing 2. tell the consumer which services the firm offers 3. allow a consumer to make a choice A brokerage firms does not have to offer all four (single agent, sub-agent, limited consensual dual agent, and transaction broker) services however the brokerage firm...
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Add to cart1. describe all four services in writing 2. tell the consumer which services the firm offers 3. allow a consumer to make a choice A brokerage firms does not have to offer all four (single agent, sub-agent, limited consensual dual agent, and transaction broker) services however the brokerage firm...
The consumer member of the Alabama Real Estate Commission must be_____ years of age or older. -19 -20 -21 -24 21 Prior to the appointment of each original appointee to the Alabama Real Estate Commission, these persons must have been residents and citizens of Alabama for a minimum of -thr...
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Add to cartThe consumer member of the Alabama Real Estate Commission must be_____ years of age or older. -19 -20 -21 -24 21 Prior to the appointment of each original appointee to the Alabama Real Estate Commission, these persons must have been residents and citizens of Alabama for a minimum of -thr...
The end result of rescinding the contract is that? The contract is null and void If a contractor is planning to build a new apartment complex he or she needs to consult the Americans with disabilities act standards to Avoid any potential find by the United States Attorney General What is true ...
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Add to cartThe end result of rescinding the contract is that? The contract is null and void If a contractor is planning to build a new apartment complex he or she needs to consult the Americans with disabilities act standards to Avoid any potential find by the United States Attorney General What is true ...
A buyer's agent receives a written offer on a single family residence that her buyers wish to submit. What must the agent provide to her buyer at the time the buyer signs the written offer? A. An explanation of limited dual consensual agency. B. A copy of the Alabama Consumer Information booklet. ...
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Add to cartA buyer's agent receives a written offer on a single family residence that her buyers wish to submit. What must the agent provide to her buyer at the time the buyer signs the written offer? A. An explanation of limited dual consensual agency. B. A copy of the Alabama Consumer Information booklet. ...
Alabama Real Estate Commission (AREC) issues the following types of AL Real Estate Licenses Qualifying Broker Associate Broker Salesperson (Temporary salesman license and permanent salesperson license) Company To become a broker, a person must do what two things Complete a 60 hr Broker Pre-Lic...
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Add to cartAlabama Real Estate Commission (AREC) issues the following types of AL Real Estate Licenses Qualifying Broker Associate Broker Salesperson (Temporary salesman license and permanent salesperson license) Company To become a broker, a person must do what two things Complete a 60 hr Broker Pre-Lic...
A broker who operates a brokerage business within the corporate city limits of Montgomery A. maintain maintain his place of business in his home B. May not hire sales people C. must be sure his/her office is located in property zone for business (answer) D. all of the above Any person desiring...
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Add to cartA broker who operates a brokerage business within the corporate city limits of Montgomery A. maintain maintain his place of business in his home B. May not hire sales people C. must be sure his/her office is located in property zone for business (answer) D. all of the above Any person desiring...
How many members are appointed on the Alabama Real Estate Commission by the Governor with the advice and consent of the Senate? 9 members are appointed How many members of the commission may NOT be a member of the RES or trade association? Atleast One How many terms is a member required to ser...
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Add to cartHow many members are appointed on the Alabama Real Estate Commission by the Governor with the advice and consent of the Senate? 9 members are appointed How many members of the commission may NOT be a member of the RES or trade association? Atleast One How many terms is a member required to ser...
If an individual with a current Alabama licensee moves to and becomes a resident of the state, he must notify the Commission within how many days? Ten Which is the following in a requirement for the consumer member of the Commission? Have been a resident and citizen of Alabama for at least 10 yea...
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Add to cartIf an individual with a current Alabama licensee moves to and becomes a resident of the state, he must notify the Commission within how many days? Ten Which is the following in a requirement for the consumer member of the Commission? Have been a resident and citizen of Alabama for at least 10 yea...
What is the general thrust of real estate legislation? -Establish personal, educational, and professional requirements for obtaining a license -Establish statutory guidelines of professional conduct and continuing education to maintain a license -Establish a regulatory entity to administer and enf...
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Add to cartWhat is the general thrust of real estate legislation? -Establish personal, educational, and professional requirements for obtaining a license -Establish statutory guidelines of professional conduct and continuing education to maintain a license -Establish a regulatory entity to administer and enf...
15 days AREC must give __?____ days notice of the hearing? 30 days How many days does AREC have to give before their decision is stated? 30 days Following a hearing, How many days does the licensee have to decide if they will accept the decision of AREC or appeal it? Estimated closing state...
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Add to cart15 days AREC must give __?____ days notice of the hearing? 30 days How many days does AREC have to give before their decision is stated? 30 days Following a hearing, How many days does the licensee have to decide if they will accept the decision of AREC or appeal it? Estimated closing state...
purpose of law1) do everything to enforce Alabama license law 2) adopt and enforce rules and regulations mission of Alabama real estate commissionis to protect the public through the licensing and regulating of real estate licensees there are 9 commissioners7 form district and black and cons...
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Add to cartpurpose of law1) do everything to enforce Alabama license law 2) adopt and enforce rules and regulations mission of Alabama real estate commissionis to protect the public through the licensing and regulating of real estate licensees there are 9 commissioners7 form district and black and cons...
Non-trust funds, as long as they're not commingled with trust funds, are not bound by _______. Banking regulations International trade rules Real estate laws State laws Real estate laws What's one of the steps you need to take if you choose to affiliate with a different broker? Give notice...
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Add to cartNon-trust funds, as long as they're not commingled with trust funds, are not bound by _______. Banking regulations International trade rules Real estate laws State laws Real estate laws What's one of the steps you need to take if you choose to affiliate with a different broker? Give notice...
Alabama Legislators Create/write the law Real Estate Commissioners write the rules and regulations/hold just as much weight as law Purpose of the Alabama real estate commission (AREC) adopt and enforce rules and regulations do all things necessary to enforce Alabama license law Mission to ...
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Add to cartAlabama Legislators Create/write the law Real Estate Commissioners write the rules and regulations/hold just as much weight as law Purpose of the Alabama real estate commission (AREC) adopt and enforce rules and regulations do all things necessary to enforce Alabama license law Mission to ...
Qualifications for consumer commissioner - at least 21 years old -AL resident for at least 10 years -Registered voter in AL -No felony convictions -Must be owner of real property -Hasn't been a licensed sales person/broker during previous years - Qualifications fo r consumer commissioner -A...
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Add to cartQualifications for consumer commissioner - at least 21 years old -AL resident for at least 10 years -Registered voter in AL -No felony convictions -Must be owner of real property -Hasn't been a licensed sales person/broker during previous years - Qualifications fo r consumer commissioner -A...
A salesperson discovers an error on the closing statement. Who is responsible for ensuring the accuracy of closing statements? A) The salesperson is responsible B) The salesperson's broker is responsible C) The title company is responsible D) The attorney is responsibleB) The salesperson's broke...
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Add to cartA salesperson discovers an error on the closing statement. Who is responsible for ensuring the accuracy of closing statements? A) The salesperson is responsible B) The salesperson's broker is responsible C) The title company is responsible D) The attorney is responsibleB) The salesperson's broke...
Which of these people can be helped by Alabama's real estate regulations? A) Dale found a small shed that he wants to buy for his backyard. However, the shed is used, and he's not sure if it's well made. B) Lucy wants to rent an apartment. She found one that looks nice, but she's not sure that the...
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Add to cartWhich of these people can be helped by Alabama's real estate regulations? A) Dale found a small shed that he wants to buy for his backyard. However, the shed is used, and he's not sure if it's well made. B) Lucy wants to rent an apartment. She found one that looks nice, but she's not sure that the...
A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. designated agency A _________ agency gives the agent authority to do one specific thi...
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Add to cartA ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. designated agency A _________ agency gives the agent authority to do one specific thi...
"To uphold, protect, and promote the public interest, which embraces the interests of regulated licensees and entities and the interest of consumers, by the fair and impartial development and administration of licensing laws and regulations." Alabama Real Estate Commission Mission Statement Prote...
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Add to cart"To uphold, protect, and promote the public interest, which embraces the interests of regulated licensees and entities and the interest of consumers, by the fair and impartial development and administration of licensing laws and regulations." Alabama Real Estate Commission Mission Statement Prote...
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