Alabama (STATE) Real Estate Practice Exam | 300 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 84 Pages

Non-trust funds, as long as they're not commingled with trust funds, are not bound by _______. Banking regulations International trade rules Real estate laws State laws - Real estate laws What's one of the steps you need to take if you choose to affiliate with a different broker? Give notice to the Alabama Association of REALTORS. ® Obtain approval from your existing broker. Pay the required transfer fees. Receive approval from the commission. - Pay the required transfer fees. The commission is investigating the actions and records of Alabama licensee Thomasina. Which of the following is true? The commission can investigate Thomasina without a written complaint. The commission must have notified Thomasina, and her qualifying broker, before beginning the investigation. The commission must have received a written complaint about Thomasina. The commission must have received Thomasina's permission to do this. - The commission can investigate Thomasina without a written complaint.