Alabama Exam Prep Questions With
Complete Solutions Rated A+
A salesperson discovers an error on the closing statement. Who is responsible for
ensuring the accuracy of closing statements?
A) The salesperson is responsible
B) The salesperson's broker is responsible
C) The title company is responsible
D) The attorney is responsible - CORRECT ANSWER-B) The salesperson's broker is
responsible
Although a salesperson should double-check all documents for accuracy, it is the broker
who is responsible for the accuracy of agreements, offers, contacts, closing statements
and other documents.
A buyer's agent receives a written offer on a single family residence that her buyers
wish to submit. What must the agent provide to her buyer at the time the buyer signs the
written offer?
A) An explanation of limited dual consensual agency.
B) A copy of the Alabama Consumer Information booklet.
C) A copy of the written offer for the buyer's records.
D) A complete estimated closing statement. - CORRECT ANSWER-D) A complete
estimated closing statement.
At the time the buyer signs the written offer, the licensee must present an estimated
closing statement that contains the licensee's best estimates of all costs the buyer is
expected to have at closing and the approximate amounts of those costs.
,Appointees to the Alabama Real Estate Commission must be considered residents and
citizens of the state for a minimum of how many years prior to their appointment?
A) 1 year
B) 3 years
C) 10 years
D) 12 years - CORRECT ANSWER-C) 10 years
Commission appointees must be citizens and residents of Alabama for at least 10 years
prior to their appointment.
The minimum required term of each Alabama Real Estate Commissioner is at least
A) 1 year.
B) 3 years.
C) 5 years.
D) 10 years. - CORRECT ANSWER-C) 5 years.
What is the term limit declared in Alabama state law for Alabama Real Estate
Commissioners?
A) 1 term in office
B) 2 consecutive terms of office
C) 3 consecutive terms of office
D) 12 years total - CORRECT ANSWER-B) 2 consecutive terms of office
For which of the following may the Governor NOT remove from office any member of
the Commission?
A) Incompetence
B) Political affiliation
,C) Dishonest conduct
D) Inability to perform or neglecting to perform the duties required of members -
CORRECT ANSWER-B) Political affiliation
The Alabama Real Estate Commission is comprised of
A) 12 members.
B) 4 members.
C) 6 members.
D) 9 members. - CORRECT ANSWER-D) 9 members.
Which of the following best describes a sub-agent?
A) A sub-agent is engaged by and represents a single client.
B) A sub-agent is engaged by a single client but represents the interests of both sides of
a brokerage transaction.
C) A sub-agent is engaged at the mutual agreement of both sides of a brokerage
transaction and equally represents the interests of both parties.
D) A sub-agent acts for and helps another broker in performing brokerage services for a
client. - CORRECT ANSWER-D) A sub-agent acts for and helps another broker in
performing brokerage services for a client.
Within the first year of licensure, a real estate salesperson must complete how many
hours of post-license coursework?
A) 30 hours
B) 60 hours
C) 90 hours
D) 120 hours - CORRECT ANSWER-A) 30 hours
Which of the following is TRUE of permanent school records?
, A) Schools maintain attendance and course completion records for 1 year, but
applicants and licensees must retain copies of their school records for at least 3 years
from the date of course completion.
B) Schools are expected to maintain attendance and course completion records for a
maximum of 2 years.
C) Schools are expected to maintain attendance and course completion records for a
minimum of 4 years.
D) All attendance and course completion records are electronically archived by the
Alabama Real Estate Commission for a minimum of 6 years. - CORRECT ANSWER-C)
Schools are expected to maintain attendance and course completion records for a
minimum of 4 years.
To meet continuing education requirements each license period, licensees must
complete which of the following course sequences approved by the Commission?
A) A course in Risk Management plus 1 of the following: License Law/Trust Funds; Fair
Housing, Equal Opportunity and ADA; or RECAD.
B) A course in RECAD plus 2 of the following: License Law/Trust Funds; Fair Housing,
Equal Opportunity and ADA; or Risk Management.
C) Any 3 of the following courses: License Law/Trust Funds; Fair Housing, Equal
Opportunity and ADA; Risk Management; or RECAD.
D) 1 course in each of the following areas: License Law/Trust Funds; Fair Housing,
Equal Opportunity and ADA; RECAD; and Risk Management. - CORRECT ANSWER-
A) A course in Risk Management plus 1 of the following: License Law/Trust Funds; Fair
Housing, Equal Opportunity and ADA; or RECAD.
Each license period, a licensee must complete a 3 clock hour continuing education
course in Risk Management plus 3 clock hours in either License Law/Trust Funds; Fair
Housing, Equal Opportunity and ADA; or RECAD to meet the core curriculum
requirements.
Which of the following is NOT an examples of acceptable subject matter for continuing
education courses?
Complete Solutions Rated A+
A salesperson discovers an error on the closing statement. Who is responsible for
ensuring the accuracy of closing statements?
A) The salesperson is responsible
B) The salesperson's broker is responsible
C) The title company is responsible
D) The attorney is responsible - CORRECT ANSWER-B) The salesperson's broker is
responsible
Although a salesperson should double-check all documents for accuracy, it is the broker
who is responsible for the accuracy of agreements, offers, contacts, closing statements
and other documents.
A buyer's agent receives a written offer on a single family residence that her buyers
wish to submit. What must the agent provide to her buyer at the time the buyer signs the
written offer?
A) An explanation of limited dual consensual agency.
B) A copy of the Alabama Consumer Information booklet.
C) A copy of the written offer for the buyer's records.
D) A complete estimated closing statement. - CORRECT ANSWER-D) A complete
estimated closing statement.
At the time the buyer signs the written offer, the licensee must present an estimated
closing statement that contains the licensee's best estimates of all costs the buyer is
expected to have at closing and the approximate amounts of those costs.
,Appointees to the Alabama Real Estate Commission must be considered residents and
citizens of the state for a minimum of how many years prior to their appointment?
A) 1 year
B) 3 years
C) 10 years
D) 12 years - CORRECT ANSWER-C) 10 years
Commission appointees must be citizens and residents of Alabama for at least 10 years
prior to their appointment.
The minimum required term of each Alabama Real Estate Commissioner is at least
A) 1 year.
B) 3 years.
C) 5 years.
D) 10 years. - CORRECT ANSWER-C) 5 years.
What is the term limit declared in Alabama state law for Alabama Real Estate
Commissioners?
A) 1 term in office
B) 2 consecutive terms of office
C) 3 consecutive terms of office
D) 12 years total - CORRECT ANSWER-B) 2 consecutive terms of office
For which of the following may the Governor NOT remove from office any member of
the Commission?
A) Incompetence
B) Political affiliation
,C) Dishonest conduct
D) Inability to perform or neglecting to perform the duties required of members -
CORRECT ANSWER-B) Political affiliation
The Alabama Real Estate Commission is comprised of
A) 12 members.
B) 4 members.
C) 6 members.
D) 9 members. - CORRECT ANSWER-D) 9 members.
Which of the following best describes a sub-agent?
A) A sub-agent is engaged by and represents a single client.
B) A sub-agent is engaged by a single client but represents the interests of both sides of
a brokerage transaction.
C) A sub-agent is engaged at the mutual agreement of both sides of a brokerage
transaction and equally represents the interests of both parties.
D) A sub-agent acts for and helps another broker in performing brokerage services for a
client. - CORRECT ANSWER-D) A sub-agent acts for and helps another broker in
performing brokerage services for a client.
Within the first year of licensure, a real estate salesperson must complete how many
hours of post-license coursework?
A) 30 hours
B) 60 hours
C) 90 hours
D) 120 hours - CORRECT ANSWER-A) 30 hours
Which of the following is TRUE of permanent school records?
, A) Schools maintain attendance and course completion records for 1 year, but
applicants and licensees must retain copies of their school records for at least 3 years
from the date of course completion.
B) Schools are expected to maintain attendance and course completion records for a
maximum of 2 years.
C) Schools are expected to maintain attendance and course completion records for a
minimum of 4 years.
D) All attendance and course completion records are electronically archived by the
Alabama Real Estate Commission for a minimum of 6 years. - CORRECT ANSWER-C)
Schools are expected to maintain attendance and course completion records for a
minimum of 4 years.
To meet continuing education requirements each license period, licensees must
complete which of the following course sequences approved by the Commission?
A) A course in Risk Management plus 1 of the following: License Law/Trust Funds; Fair
Housing, Equal Opportunity and ADA; or RECAD.
B) A course in RECAD plus 2 of the following: License Law/Trust Funds; Fair Housing,
Equal Opportunity and ADA; or Risk Management.
C) Any 3 of the following courses: License Law/Trust Funds; Fair Housing, Equal
Opportunity and ADA; Risk Management; or RECAD.
D) 1 course in each of the following areas: License Law/Trust Funds; Fair Housing,
Equal Opportunity and ADA; RECAD; and Risk Management. - CORRECT ANSWER-
A) A course in Risk Management plus 1 of the following: License Law/Trust Funds; Fair
Housing, Equal Opportunity and ADA; or RECAD.
Each license period, a licensee must complete a 3 clock hour continuing education
course in Risk Management plus 3 clock hours in either License Law/Trust Funds; Fair
Housing, Equal Opportunity and ADA; or RECAD to meet the core curriculum
requirements.
Which of the following is NOT an examples of acceptable subject matter for continuing
education courses?
