COLIBRI REAL ESTATE 30-HOUR ALABAMA POST
LICENSE COURSE PRACTICE EXAM QUESTIONS
AND ANSWERS
Alabama law holds that a broker who would accept a net listing would be
disciplined by the Alabama Real Estate Commission by having his or her
license suspended, revoked, and/or - ANSWER being charged a fee.
What type of phone call is placed utilizing a computerized auto-dialer to deliver
a pre-recorded message? - ANSWER Robocalls
Who is most responsible for record keeping in a real estate transaction? -
ANSWER The qualifying broker
If the landlord does not mail the deposit, partial deposit, and/or accounting
within the 60-day period, the landlord must pay the tenant - ANSWER double
the deposit.
When a group of brokers who belong to a particular Board of REALTORS® get
together and decide that they will all charge a 20% commission for the sale of
all commercial properties, the brokers are violating - ANSWER antitrust laws.
It is essential licensees comply with property disclosure laws. Failure to do so
can result in a licensee losing his or her license and/or - ANSWER being sued.
The Statute of Frauds calls for the necessity of some contracts to be written in
order to - ANSWER be enforceable.
Such properties with easements may be considered - ANSWER less desirable.
, What would you call an individual who receives information, advice, or
services related to real estate from a real estate licensee? - ANSWER A
consumer
How many months of property taxes are to be paid in advance by a purchaser? -
ANSWER 3
What type of brokers are compensated based on the sale price where the agent
receives an agreed-upon fixed price when the property sells? - ANSWER Flat
Fee Service Brokers
"B_bad" neighborhoods because of high crime rate can and do - ANSWER
suffer declining values.
Which protected classes did the Fair Housing Amendments Act introduce in
1988? - ANSWER Handicap and familiar status
What is the tactic that negotiators use to make a problem of little or no
consequence seem very important to them and then, later in the negotiation,
trade the issue for an important concession of true value? - ANSWER Bogey
What is the term when a contractor supplies all materials and labor to do a job?
- ANSWER Turnkey
When a fixture attaches to the property, it - ANSWER becomes part of the real
property.
If an executor, administrator, or estate attorney requested a licensee to make a
listing appointment, it would be wise to verify that the person has authority to -
ANSWER convey the property at a closing.
A CMA is compared among properties of similar location, age, style, and -
ANSWER features.
LICENSE COURSE PRACTICE EXAM QUESTIONS
AND ANSWERS
Alabama law holds that a broker who would accept a net listing would be
disciplined by the Alabama Real Estate Commission by having his or her
license suspended, revoked, and/or - ANSWER being charged a fee.
What type of phone call is placed utilizing a computerized auto-dialer to deliver
a pre-recorded message? - ANSWER Robocalls
Who is most responsible for record keeping in a real estate transaction? -
ANSWER The qualifying broker
If the landlord does not mail the deposit, partial deposit, and/or accounting
within the 60-day period, the landlord must pay the tenant - ANSWER double
the deposit.
When a group of brokers who belong to a particular Board of REALTORS® get
together and decide that they will all charge a 20% commission for the sale of
all commercial properties, the brokers are violating - ANSWER antitrust laws.
It is essential licensees comply with property disclosure laws. Failure to do so
can result in a licensee losing his or her license and/or - ANSWER being sued.
The Statute of Frauds calls for the necessity of some contracts to be written in
order to - ANSWER be enforceable.
Such properties with easements may be considered - ANSWER less desirable.
, What would you call an individual who receives information, advice, or
services related to real estate from a real estate licensee? - ANSWER A
consumer
How many months of property taxes are to be paid in advance by a purchaser? -
ANSWER 3
What type of brokers are compensated based on the sale price where the agent
receives an agreed-upon fixed price when the property sells? - ANSWER Flat
Fee Service Brokers
"B_bad" neighborhoods because of high crime rate can and do - ANSWER
suffer declining values.
Which protected classes did the Fair Housing Amendments Act introduce in
1988? - ANSWER Handicap and familiar status
What is the tactic that negotiators use to make a problem of little or no
consequence seem very important to them and then, later in the negotiation,
trade the issue for an important concession of true value? - ANSWER Bogey
What is the term when a contractor supplies all materials and labor to do a job?
- ANSWER Turnkey
When a fixture attaches to the property, it - ANSWER becomes part of the real
property.
If an executor, administrator, or estate attorney requested a licensee to make a
listing appointment, it would be wise to verify that the person has authority to -
ANSWER convey the property at a closing.
A CMA is compared among properties of similar location, age, style, and -
ANSWER features.
