AL Post Licensure Exam Questions and
Answers (Solved Papers)
15 hours of approved continuing education curriculum must
be completed in which 2 areas? - Correct Answers ✅3 level
1 risk management
3 level 2 risk management
6 commission approved courses
By Sept 30
If an executor, administrator, or estate attorney has called a
licensee for a listing appointment, it would be wise to verify
the person has the authority to - Correct Answers
✅Convey the property at closing.
What principle holds that there is, theoretically, a single use
for a property that produces the greatest income and return?
- Correct Answers ✅highest and best use
What should a licensee do when presented with a back-up
offer? - Correct Answers ✅Present all back-up offers to the
seller unless they have told you otherwise in writing.
An agent can identify and evaluate competitors by using a
valuable tool called a - Correct Answers ✅Competitive
Analysis
Properties that have existing easements could be viewed as -
Correct Answers ✅Less desirable
, AL Post Licensure Exam Questions and
Answers (Solved Papers)
Alabama law states that a broker who accepts a net listing
could face disciplinary charges from the Alabama Real Estate
Commission, including having his or her licensed suspended,
revoked, and/or - Correct Answers ✅Pay a fee
Most lenders today require the borrower to include how much
of the annual taxes and insurance as part of the monthly
mortgage payment? - Correct Answers ✅1/12th
What is money that the buyer or seller needs to pay at
closing known as? - Correct Answers ✅Debit
Using a builder's preferred lender might be advantageous
because - Correct Answers ✅incentives may be offered
When talking about closing costs, what is meant by the
concept of variance testing range? - Correct Answers
✅Costs stated in the loan disclosure cannot vary by a certain
amount on the closing disclosure.
In what real estate market is real estate a commodity to be
bought, improved, and sold to those who want to use it or
invest in it? - Correct Answers ✅The real estate
development market
Answers (Solved Papers)
15 hours of approved continuing education curriculum must
be completed in which 2 areas? - Correct Answers ✅3 level
1 risk management
3 level 2 risk management
6 commission approved courses
By Sept 30
If an executor, administrator, or estate attorney has called a
licensee for a listing appointment, it would be wise to verify
the person has the authority to - Correct Answers
✅Convey the property at closing.
What principle holds that there is, theoretically, a single use
for a property that produces the greatest income and return?
- Correct Answers ✅highest and best use
What should a licensee do when presented with a back-up
offer? - Correct Answers ✅Present all back-up offers to the
seller unless they have told you otherwise in writing.
An agent can identify and evaluate competitors by using a
valuable tool called a - Correct Answers ✅Competitive
Analysis
Properties that have existing easements could be viewed as -
Correct Answers ✅Less desirable
, AL Post Licensure Exam Questions and
Answers (Solved Papers)
Alabama law states that a broker who accepts a net listing
could face disciplinary charges from the Alabama Real Estate
Commission, including having his or her licensed suspended,
revoked, and/or - Correct Answers ✅Pay a fee
Most lenders today require the borrower to include how much
of the annual taxes and insurance as part of the monthly
mortgage payment? - Correct Answers ✅1/12th
What is money that the buyer or seller needs to pay at
closing known as? - Correct Answers ✅Debit
Using a builder's preferred lender might be advantageous
because - Correct Answers ✅incentives may be offered
When talking about closing costs, what is meant by the
concept of variance testing range? - Correct Answers
✅Costs stated in the loan disclosure cannot vary by a certain
amount on the closing disclosure.
In what real estate market is real estate a commodity to be
bought, improved, and sold to those who want to use it or
invest in it? - Correct Answers ✅The real estate
development market
