Questions and Answers (Solved Papers)
Justin is representing the seller in a transaction. Which of the
following tasks is he permitted to perform for the
unrepresented buyer as a non-agent? - Correct Answers
✅Explain to a buyer the purpose of the seller's property
disclosure.
Which of the following qualifies as a triggering detail, per
Regulation Z? - Correct Answers ✅Pay just 10% down
Which one of these activities occurs on the day of closing? -
Correct Answers ✅The seller's proceeds are sent via wire
transfer.
You received an email telling you you've won a customer
appreciation prize in a store where you've never shopped.
You're asked to contact them immediately. What do you do? -
Correct Answers ✅Delete the email.
What type of antitrust violation is an agreement between
competitors to eliminate discounts to certain types of
customers? - Correct Answers ✅Price fixing
The Nicholsons just bought a mid-century modern home that
will require lead paint abatement. Tom and Genna, their
three-year-old daughter Grace, and Genna's mom Pat are
waiting to move into the split level until the abatement is
complete. Who would be at the most risk of adverse lead
, Alabama Post-License Practice Exam
Questions and Answers (Solved Papers)
effects if they moved in before the abatement was finished? -
Correct Answers ✅Grace
Most of our communication consists of what? - Correct
Answers ✅Body language and voice quality
Which feature is most likely to be the cause of an adjustment
to a comparable when preparing a CMA? - Correct Answers
✅Busy street
Which of the following is a listing agent's duty? - Correct
Answers ✅Caution the seller against sharing sensitive
information during the listing term.
Two buyers entered into a contract to buy an income
property, but prior to the sale, one of the parties was
replaced by a third party. The original buyer will be held
responsible if the new party fails to live up to his obligations.
What is this an example of? - Correct Answers
✅Assignment
Which of the following statements about electronic
transmission of real estate documents is true in Alabama? -
Correct Answers ✅Electronic transmission laws only apply
to transactions between parties where each party to the
transaction has agreed to conduct it via electronic means.