CE Shop AL missed questions final
Questions with Correct Answers
What's the maximum fine the Alabama Real Estate Commission can impose on a
licensee? - ANSWERS$2,500
Where can licensure applicants obtain the license application? - ANSWERSAt the
testing center
Lee is wondering if he really needs to complete his CE requirements during this
licensing cycle. - ANSWERSThose who have held a reciprocal license for less than a
year at renewal time are exempt from completing CE requirements. The other questions
aren't relevant to Lee's concern.
Danny is 19 years old. He has a GED and has been working in real estate for the last
18 months. He's completed 60 hours of approved broker pre-licensing coursework
online. Is he ready to take his broker's licensing exam? - ANSWERSDanny's nearly
there, but he does have to have at least 24 months of experience—and that experience
must have been in the past 36 months.
Trust funds have better protection when deposited into trust accounts because they are
______. - ANSWERSTrust funds are protected from seizure when they're in an account
labeled "trust account" or in a neutral escrow account.
After passing the real estate exam, applicants must send their application for licensure
to the commission within _____ days. - ANSWERSlicensure applicants must apply for
their Alabama real estate license within 90 days of passing the exam.
Pablo, a salesperson for Freedom Realty in Montgomery, let his license lapse, and a
client claims that his actions cost her money. Pablo and his qualifying broker Justin are
looking into the situation, as is the AREC. If the AREC finds that damage has been
done, who will be held responsible? - ANSWERSAs qualifying broker, Justin will be held
responsible for Pablo's actions if Pablo is found guilty of violating license law.
Questions with Correct Answers
What's the maximum fine the Alabama Real Estate Commission can impose on a
licensee? - ANSWERS$2,500
Where can licensure applicants obtain the license application? - ANSWERSAt the
testing center
Lee is wondering if he really needs to complete his CE requirements during this
licensing cycle. - ANSWERSThose who have held a reciprocal license for less than a
year at renewal time are exempt from completing CE requirements. The other questions
aren't relevant to Lee's concern.
Danny is 19 years old. He has a GED and has been working in real estate for the last
18 months. He's completed 60 hours of approved broker pre-licensing coursework
online. Is he ready to take his broker's licensing exam? - ANSWERSDanny's nearly
there, but he does have to have at least 24 months of experience—and that experience
must have been in the past 36 months.
Trust funds have better protection when deposited into trust accounts because they are
______. - ANSWERSTrust funds are protected from seizure when they're in an account
labeled "trust account" or in a neutral escrow account.
After passing the real estate exam, applicants must send their application for licensure
to the commission within _____ days. - ANSWERSlicensure applicants must apply for
their Alabama real estate license within 90 days of passing the exam.
Pablo, a salesperson for Freedom Realty in Montgomery, let his license lapse, and a
client claims that his actions cost her money. Pablo and his qualifying broker Justin are
looking into the situation, as is the AREC. If the AREC finds that damage has been
done, who will be held responsible? - ANSWERSAs qualifying broker, Justin will be held
responsible for Pablo's actions if Pablo is found guilty of violating license law.
