Alabama Real Estate License Law Exam Questions And
Answers Verified 100% Correct
The period of time beginning on Oct 1 on a year designated by the commission to be
the first year of a licensing period and ending on midnight Sept 30 of the year
designated by commission as the final year of that licensing period - ANSWER license
period
To obtain a Brokers license you must have proof that they have had an active RE
salesperson's license in ANY STATE for at least ___________ months of the 36 month
period immediately preceding date of application. - ANSWER 24 months
Does someone need to be licensed in order to offer to sell, exchange, purchase, rent or
lease RE? - ANSWER Yes they need to be licensed
The passing grade for broker and salesperson is ________. You will have _______
hours to complete the exam. - ANSWER 70%
3.5 hours
If for any reason a licensee fails to receive a renewal form, it shall be the responsibility
of the licensee to notify the commission of this failure by _______ of the renewal
period. - ANSWER August 10
The licensee who procures a written offer from a buyer or presents a written offer to a
seller in a residential transaction shall prepare and furnish them with a _____________
at the time the offer is signed. - ANSWER completed estimated closing statement
Will the holder of an original license who has satisfactorily completed the post-license
course and whose original license has been issued be subject to the continuing
education requirements for the first renewal of their original license? - ANSWER No
they will not be subject to continuing ed requirements
The requirements for broker's license is - proof of completion of a course in RE approved
by the commission which shall be a minimum of ________ hours. - ANSWER 60
Does an attorney-at-law performing their duties as an attorney need to be licensed in
RE? - ANSWER No
Does someone that procures or assist in procuring of property for the purpose of
, affecting the sale need to hold a RE license? - ANSWER yes
A applicant for salesperson must be at least _______ years old. - ANSWER 19
If the qualifying broker dies or becomes disabled within 30 days the company must
designate another qualifying broker. They may designate someone who has had a
salesperson's license for at least _______ to be the temporary Qualifying broker for up
to ________ months from the death. - ANSWER 1 year,
6 months
The fee for the temporary broker's license is _____? - ANSWER $150
What must the brokerage company provide to every licensee that shares the types of
brokerage services offered by their company? - ANSWER Agency disclosure office
policy
A licensee who assists one or more parties in a contemplated RE transaction without
being an agent or fiduciary or advocate for the interest of that party to a transaction is
called a what? - ANSWER Transaction broker
A licensee who is empowered to act for another broker in performing RE brokerage
tasks for a principal and who owes the same duties to the principal as the agent of the
principal is called a what? - ANSWER sub-agent
When one licensee represents both the buyer and seller in a RE transaction- we call
this what? - ANSWER dual agency
A person who is provided brokerage services by a broker or licensee but who is not a
client of the broker is called a what? - ANSWER customer
A person who obtains information, advice or services concerning RE from a RE licensee
is called a what? - ANSWER client
Any service except for rental or property management services, provided by a broker of
licensee to another person and included all activities for which RE license is required -
ANSWER brokerage services
License renewal forms will be mailed to place of business if for an active license or
________ if inactive prior to ________ of the final year of license period - ANSWER
1)residence 2) Aug 1
Answers Verified 100% Correct
The period of time beginning on Oct 1 on a year designated by the commission to be
the first year of a licensing period and ending on midnight Sept 30 of the year
designated by commission as the final year of that licensing period - ANSWER license
period
To obtain a Brokers license you must have proof that they have had an active RE
salesperson's license in ANY STATE for at least ___________ months of the 36 month
period immediately preceding date of application. - ANSWER 24 months
Does someone need to be licensed in order to offer to sell, exchange, purchase, rent or
lease RE? - ANSWER Yes they need to be licensed
The passing grade for broker and salesperson is ________. You will have _______
hours to complete the exam. - ANSWER 70%
3.5 hours
If for any reason a licensee fails to receive a renewal form, it shall be the responsibility
of the licensee to notify the commission of this failure by _______ of the renewal
period. - ANSWER August 10
The licensee who procures a written offer from a buyer or presents a written offer to a
seller in a residential transaction shall prepare and furnish them with a _____________
at the time the offer is signed. - ANSWER completed estimated closing statement
Will the holder of an original license who has satisfactorily completed the post-license
course and whose original license has been issued be subject to the continuing
education requirements for the first renewal of their original license? - ANSWER No
they will not be subject to continuing ed requirements
The requirements for broker's license is - proof of completion of a course in RE approved
by the commission which shall be a minimum of ________ hours. - ANSWER 60
Does an attorney-at-law performing their duties as an attorney need to be licensed in
RE? - ANSWER No
Does someone that procures or assist in procuring of property for the purpose of
, affecting the sale need to hold a RE license? - ANSWER yes
A applicant for salesperson must be at least _______ years old. - ANSWER 19
If the qualifying broker dies or becomes disabled within 30 days the company must
designate another qualifying broker. They may designate someone who has had a
salesperson's license for at least _______ to be the temporary Qualifying broker for up
to ________ months from the death. - ANSWER 1 year,
6 months
The fee for the temporary broker's license is _____? - ANSWER $150
What must the brokerage company provide to every licensee that shares the types of
brokerage services offered by their company? - ANSWER Agency disclosure office
policy
A licensee who assists one or more parties in a contemplated RE transaction without
being an agent or fiduciary or advocate for the interest of that party to a transaction is
called a what? - ANSWER Transaction broker
A licensee who is empowered to act for another broker in performing RE brokerage
tasks for a principal and who owes the same duties to the principal as the agent of the
principal is called a what? - ANSWER sub-agent
When one licensee represents both the buyer and seller in a RE transaction- we call
this what? - ANSWER dual agency
A person who is provided brokerage services by a broker or licensee but who is not a
client of the broker is called a what? - ANSWER customer
A person who obtains information, advice or services concerning RE from a RE licensee
is called a what? - ANSWER client
Any service except for rental or property management services, provided by a broker of
licensee to another person and included all activities for which RE license is required -
ANSWER brokerage services
License renewal forms will be mailed to place of business if for an active license or
________ if inactive prior to ________ of the final year of license period - ANSWER
1)residence 2) Aug 1
