CE Shop Alabama Final Exam Review Questions with Correct Answers 2026 | Complete Real Estate Exam Study Guide

CE SHOP (ALABAMA) FINAL EXAM REVIEW QUESTIONS
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WITH CORRECTANSWERS 2026
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Jeung gave her agent an earnest money check, and the seller accepted Jeung's offer. What will
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happen to the check now? - CORRECT ANSWER -
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An escrow agent will hold the funds in a trust account until the agreement's terms are satisfied
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Cheryl, the aggrieved claimant on a complaint against a licensee, has just won her claim. She d
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emonstrated that the licensee was responsible for her losing $60,000. She also paid for a lawy
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er, which was another $5,000. With other fees and incidentals, her total damages are $67,000.
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What is the amount she'll receive? - CORRECT ANSWER -$25,000
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Jerrold reviews the floor plan of the Knoxville house he's going to sell. It's 3,800 square feet. In
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his advertising, he bumps that number up to 4,000 square feet to better justify its asking price
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. What has Jerrold done? - CORRECT ANSWER -Intentional misrepresentation
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Which of the following best describes an inactive license? - CORRECT ANSWER -
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This license status means that you've paid your license fee but haven't completed your CE requ
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irements.
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If you, as an Alabama licensee, make a statement in an ad that you should have known was fal se,
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what are you guilty of? - CORRECT ANSWER -Misrepresentation
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Which of the following is a minimum service that an Alabama licensee must provide to her clie
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nts? - CORRECT ANSWER -
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Disclosing any material facts the licensee knows about that the client couldn't reasonably ascer
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tain
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, Alabama broker Jim is acting as a limited consensual dual agent for seller Christine and buyer B
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lake. Which of the following is required for Jim to act in this capacity? - CORRECT ANSWER -
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He must get the written, informed, advance consent before entering into the relationship.
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What action may licensees take if they're unhappy with the commission's final decision on thei r
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hearing? - CORRECT ANSWER -They may request a rehearing.
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The funds placed in trust accounts are insured by the
b b b b b b b b b b . - CORRECT ANSWER -FDIC
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When it comes to earnest money, which one of the following statements is true? -
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CORRECT ANSWER -Earnest money must be placed in a trust account.
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D'Wayne is acting as the buyer's agent for Alabama resident Rocky in a real estate transaction. In
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this transaction, what is D'Wayne's role? - CORRECT ANSWER -A single agent
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Julie is working with buyer clients and has prepared an estimated closing statement. Which of
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the following statements is true? - CORRECT ANSWER -
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She must provide it when an offer is signed.
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Should the broker end up in litigation, any trust funds not safely tucked away in a trust account
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could be
b . - CORRECT ANSWER -Frozen
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Which one of the following is a true statement regarding the termination of qualifying broker s
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tatus in Alabama? - CORRECT ANSWER -
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Qualifying brokers have to notify their brokerage and the commission in writing if they wish to
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terminate their status.
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For how long must an Alabama licensee retain transaction file records after the date of the tra
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nsaction? - CORRECT ANSWER -Three years
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