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FINAL EXAM – CAREER ACADEMY OF REAL ESTATE (ALABAMA) EXAM 2026/2027 || REAL ESTATE LICENSING EXAM PREP || ALABAMA STATE LAW & PRACTICE || COMPLETE PRACTICE QUESTION BANK || VERIFIED & ACCURATE ANSWERS || HIGH-YIELD STUDY GUIDE || GUARANTEED PASS || GRADED

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FINAL EXAM – CAREER ACADEMY OF REAL ESTATE (ALABAMA) EXAM 2026/2027 || REAL ESTATE LICENSING EXAM PREP || ALABAMA STATE LAW & PRACTICE || COMPLETE PRACTICE QUESTION BANK || VERIFIED & ACCURATE ANSWERS || HIGH-YIELD STUDY GUIDE || GUARANTEED PASS || GRADED A+ Purpose of License Law / Rules and Regulations - CORRECT ANSWER --Do everything necessary to enforce Alabama license law -Adopt and enforce rules and regulations How many Real Estate commissioners? - CORRECT ANSWER -(9) 7 commissioners from each of the 7 congressional districts, the black member and the consumer commissioner Qualifications for 7 Commissioners and black commissioner? - CORRECT ANSWER --AL resident for 10 years -Employed as RE sales people/brokers for 10 years -Not eligible if convicted of violating any federal/state RE license law Qualifications for consumer commissioner? - CORRECT ANSWER --21 y/o

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FIN REAL ESTATE ALABAM
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FIN REAL ESTATE ALABAM

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FINAL EXAM CAREER ACADEMY OF REAL ESTATE
ALABAMA EXAM 2026/2027 || REAL ESTATE LICENSING
EXAM PREP || ALABAMA STATE LAW & PRACTICE ||
COMPLETE PRACTICE QUESTION BANK || VERIFIED &
ACCURATE ANSWERS || HIGH-YIELD STUDY GUIDE ||
GUARANTEED PASS || GRADED A+



Purpose of License Law / Rules and Regulations - CORRECT ANSWER --
Do everything necessary to enforce Alabama license law
-Adopt and enforce rules and regulations


How many Real Estate commissioners? - CORRECT ANSWER -(9) 7
commissioners from each of the 7 congressional districts, the black member and
the consumer commissioner


Qualifications for 7 Commissioners and black commissioner? - CORRECT
ANSWER --AL resident for 10 years
-Employed as RE sales people/brokers for 10 years
-Not eligible if convicted of violating any federal/state RE license law


Qualifications for consumer commissioner? - CORRECT ANSWER --21
y/o
-AL resident for 10 years
-Registered voter in AL
-No felony convictions
-Must be owner of real property
-Has NOT been licensed sales person/broker during previous 10 years
-Is NOT related to/employed by a RE licensee

,Who is AL license law written by? - CORRECT ANSWER -AL State
Legislators


Who wrote the Rules & Regulations? - CORRECT ANSWER -AL RE
Commissioners


How does one become a RE Commissioner? - CORRECT ANSWER --
APPOINTED by the governor
-CONFIRMED by the senate


How many terms does a commissioner serve? - CORRECT ANSWER --5
year terms
-Cannot serve more than 2 consecutive terms


Quorum - CORRECT ANSWER --5 Commissioners
-Must be present to conduct business


When is a new chairperson elected? - CORRECT ANSWER -Every time a
commissioner is added


Who do the Commissioners employ? - CORRECT ANSWER --An
executive director
-An assistant executive director
-Other staff if necessary


What are commissioners paid? - CORRECT ANSWER --$300/month
-Travel expenses
-A per diem

, Is a commissioner liable when performing duties? - CORRECT ANSWER -
No commissioner shall be liable for damages resulting from any act performed
in carrying out duties as a commissioner


When is a license required? - CORRECT ANSWER --Sell, exchange,
purchase, rent or lease RE belonging to someone other than the owner
him/herself, or his/her spouse, child or parent
-Negotiate for any of above functions
-List or offer to list real property for any of above functions
-Auction real property
-Buy, sell or deal in options on RE
-Aid in locating or obtaining RE for above functions
-Procure prospects for effecting the sale, exchange, lease or rental of RE
Procure properties for effecting the sale, exchange, lease or rental of RE
-Present oneself as being able to perform an act for which a license is required


When is one exempt from needing a RE license? - CORRECT ANSWER --
Owner dealing with their own property or property of spouse, child or parent
-Attorney, when performing professional duties for a client
-A person acting w/o compensation under a duly authorized power of attorney
-A person/state/financial institution acting as a receiver, trustee, administrator,
executor, or guardian; or acting under a court order, trust instrument in will
-Public officer performing their official duties
-Person is performing clerical or administrative duties for a licensee
-Manager of an apartment complex
-Person licensed to sell timeshares
-Person selling cemetery lots

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Institution
FIN REAL ESTATE ALABAM
Course
FIN REAL ESTATE ALABAM

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Uploaded on
December 28, 2025
Number of pages
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Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • real estate alabama
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