Alabama License Law Exam Questions With 100%
Verified Solutions
A broker may serve as a qualifying broker for a real estate company and a vacation
timesharing plan if both are located
-at the same address.
-in adjoining counties.
-in the same building.
-within five miles of each other. - ANSWER at the same address.
When an Alabama licensed broker enters into a co-brokerage agreement with a broker
of another state he or she is
-only liable for his or her own acts.
-only liable for acts of the out-of-state broker he or she approves.
-subject to the rules of both states.
-liable for all acts of the out-of-state broker, as well as for his own acts. - ANSWER
liable for all acts of the out-of-state broker, as well as for his own acts.
Each license certificate must be
-kept by the qualifying broker.
-filed at the office of the Commission.
-filed at the broker's bank.
-kept by the licensee in his personal safety deposit box at his bank. - ANSWER kept
by the qualifying broker
Which of the following is true of a lapsed license about which the Commission makes a
determination of hardship?
-The person must still pay all fees and penalties.
-The person must still pay all fees, but not any penalties.
-The individual must retake all pre-license courses.
-The individual must retake all pre-license courses AND the state exam. - ANSWER
The person must still pay all fees and penalties
,Each licensee must complete _____hours of continuing education for each license
renewal period.
-ten
-
twelve
-fifteen
-eighteen - ANSWER fifteen
New licensees are required to complete a 30-hour post license course within
___________of their initial license date.
-six months
-one year
-two years
-three years - ANSWER six months
Alabama law clearly states that a holder of a temporary license is not to be issued an
original license until he or she has satisfactorily completed a__________ post-license
course prescribed by the Commission.
-10-
hour
-15-
hour
-20-
hour
-30-hour - ANSWER 30-Hour
When an Alabama licensed broker enters into a co-brokerage agreement with a
licensee of another state he or she:
-must determine that the out-of-state agent is licensed as a salesperson in another
state.
-must determine that the out-of-state broker is licensed as a broker in another state.
-must purchase the surety bond provided by the Commission to cover the transaction. -
must submit the licensees Criminal Investigation Report to the Commission in a timely
fashion. - ANSWER must determine that the pout-of-state broker is licensed as a
broker in another state
, If the 30-hour post-license course is not completed within the 6-month period, the
temporary license certificate will automatically be placed on _______________
by the Commission.
-inactive status
-non-active status
-
suspension
-invalid status - ANSWER inactive status
For an Alabama resident to apply for a real estate salesperson license in Alabama, they
must use the form prescribed by the Alabama Real Estate Commission, and
-show proof that they completed a minimum of 45 hours in real estate education. -show
proof that they have successfully completed the 60 hour course in real estate approved
by the Commission.
-be at least 18 years old.
-execute the reciprocal affidavit. - ANSWER show proof that they have successfully
completed the 60 hour course in real estate approved by the Commission.
Within 90 days after passing the examination, the applicant must find a qualifying broker
and meet ALL of the requirements of this chapter or the board will classify the license as
-invalid.
-temporary.
-inactive.
-active with restrictions. - ANSWER inactive
A co-brokerage agreement with a nonresident broker to perform any brokerage act in
the state of Alabama, must be filed with the Commission, within __________ of entering
into such an agreement.
5 days
7 days
10 days
15 days - ANSWER 10 days
Alabama's laws have set the fees to issue and renew a reciprocal license at an amount
____________ the fees for original licenses.
Verified Solutions
A broker may serve as a qualifying broker for a real estate company and a vacation
timesharing plan if both are located
-at the same address.
-in adjoining counties.
-in the same building.
-within five miles of each other. - ANSWER at the same address.
When an Alabama licensed broker enters into a co-brokerage agreement with a broker
of another state he or she is
-only liable for his or her own acts.
-only liable for acts of the out-of-state broker he or she approves.
-subject to the rules of both states.
-liable for all acts of the out-of-state broker, as well as for his own acts. - ANSWER
liable for all acts of the out-of-state broker, as well as for his own acts.
Each license certificate must be
-kept by the qualifying broker.
-filed at the office of the Commission.
-filed at the broker's bank.
-kept by the licensee in his personal safety deposit box at his bank. - ANSWER kept
by the qualifying broker
Which of the following is true of a lapsed license about which the Commission makes a
determination of hardship?
-The person must still pay all fees and penalties.
-The person must still pay all fees, but not any penalties.
-The individual must retake all pre-license courses.
-The individual must retake all pre-license courses AND the state exam. - ANSWER
The person must still pay all fees and penalties
,Each licensee must complete _____hours of continuing education for each license
renewal period.
-ten
-
twelve
-fifteen
-eighteen - ANSWER fifteen
New licensees are required to complete a 30-hour post license course within
___________of their initial license date.
-six months
-one year
-two years
-three years - ANSWER six months
Alabama law clearly states that a holder of a temporary license is not to be issued an
original license until he or she has satisfactorily completed a__________ post-license
course prescribed by the Commission.
-10-
hour
-15-
hour
-20-
hour
-30-hour - ANSWER 30-Hour
When an Alabama licensed broker enters into a co-brokerage agreement with a
licensee of another state he or she:
-must determine that the out-of-state agent is licensed as a salesperson in another
state.
-must determine that the out-of-state broker is licensed as a broker in another state.
-must purchase the surety bond provided by the Commission to cover the transaction. -
must submit the licensees Criminal Investigation Report to the Commission in a timely
fashion. - ANSWER must determine that the pout-of-state broker is licensed as a
broker in another state
, If the 30-hour post-license course is not completed within the 6-month period, the
temporary license certificate will automatically be placed on _______________
by the Commission.
-inactive status
-non-active status
-
suspension
-invalid status - ANSWER inactive status
For an Alabama resident to apply for a real estate salesperson license in Alabama, they
must use the form prescribed by the Alabama Real Estate Commission, and
-show proof that they completed a minimum of 45 hours in real estate education. -show
proof that they have successfully completed the 60 hour course in real estate approved
by the Commission.
-be at least 18 years old.
-execute the reciprocal affidavit. - ANSWER show proof that they have successfully
completed the 60 hour course in real estate approved by the Commission.
Within 90 days after passing the examination, the applicant must find a qualifying broker
and meet ALL of the requirements of this chapter or the board will classify the license as
-invalid.
-temporary.
-inactive.
-active with restrictions. - ANSWER inactive
A co-brokerage agreement with a nonresident broker to perform any brokerage act in
the state of Alabama, must be filed with the Commission, within __________ of entering
into such an agreement.
5 days
7 days
10 days
15 days - ANSWER 10 days
Alabama's laws have set the fees to issue and renew a reciprocal license at an amount
____________ the fees for original licenses.
