CE Shop (Alabama) Final Exam Review 2026
Actual exam (Testing Real Exam Questions)and
verified Answers ( 100% accurate) GET IT RIGHT!!
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Terms in this set (100)
Jeung gave her agent an earnest An escrow agent will hold the funds in a trust
money check, and the seller account until the agreement's terms are satisfied.
accepted Jeung's offer. What will
happen to the check now?
Cheryl, the aggrieved claimant on a $25,000
complaint against a licensee, has just
won her claim. She demonstrated
that the licensee was responsible for
her losing $60,000. She also paid for
a lawyer, which was another $5,000.
With other fees and incidentals, her
total damages are $67,000. What is
the amount she'll receive?
Jerrold reviews the floor plan of the Intentional misrepresentation
Knoxville house he's going to sell. It's
3,800 square feet. In his advertising,
he bumps that number up to 4,000
square feet to better justify its asking
price. What has Jerrold done?
,Which of the following best This license status means that you've paid your
describes an inactive license? license fee but haven't completed your CE
requirements.
If you, as an Alabama licensee, make Misrepresentation
a statement in an ad that you should
have known was false, what are you
guilty of?
Which of the following is a minimum Disclosing any material facts the licensee knows
service that an Alabama licensee about that the client couldn't reasonably ascertain
must provide to her clients?
Alabama broker Jim is acting as a He must get the written, informed, advance
limited consensual dual agent for consent before entering into the relationship.
seller Christine and buyer Blake.
Which of the following is required for
Jim to act in this capacity?
What action may licensees take if They may request a rehearing.
they're unhappy with the
commission's final decision on their
hearing?
The funds placed in trust accounts FDIC
are insured by the ______.
When it comes to earnest money, Earnest money must be placed in a trust account.
which one of the following
statements is true?
, D'Wayne is acting as the buyer's A single agent
agent for Alabama resident Rocky in
a real estate transaction. In this
transaction, what is D'Wayne's role?
Julie is working with buyer clients She must provide it when an offer is signed.
and has prepared an estimated
closing statement. Which of the
following statements is true?
Should the broker end up in Frozen
litigation, any trust funds not safely
tucked away in a trust account could
be ______.
Which one of the following is a true Qualifying brokers have to notify their brokerage
statement regarding the termination and the commission in writing if they wish to
of qualifying broker status in terminate their status.
Alabama?
For how long must an Alabama Three years
licensee retain transaction file
records after the date of the
transaction?
Which of the following statements Escrow accounts are managed by escrow agents,
about escrow accounts is correct? and are used to hold funds belonging to others,
such as earnest money deposits.
Which entity administers and Alabama Real Estate Commission
enforces Alabama's residential and
commercial laws for activities that
require a license?
Actual exam (Testing Real Exam Questions)and
verified Answers ( 100% accurate) GET IT RIGHT!!
Save
Terms in this set (100)
Jeung gave her agent an earnest An escrow agent will hold the funds in a trust
money check, and the seller account until the agreement's terms are satisfied.
accepted Jeung's offer. What will
happen to the check now?
Cheryl, the aggrieved claimant on a $25,000
complaint against a licensee, has just
won her claim. She demonstrated
that the licensee was responsible for
her losing $60,000. She also paid for
a lawyer, which was another $5,000.
With other fees and incidentals, her
total damages are $67,000. What is
the amount she'll receive?
Jerrold reviews the floor plan of the Intentional misrepresentation
Knoxville house he's going to sell. It's
3,800 square feet. In his advertising,
he bumps that number up to 4,000
square feet to better justify its asking
price. What has Jerrold done?
,Which of the following best This license status means that you've paid your
describes an inactive license? license fee but haven't completed your CE
requirements.
If you, as an Alabama licensee, make Misrepresentation
a statement in an ad that you should
have known was false, what are you
guilty of?
Which of the following is a minimum Disclosing any material facts the licensee knows
service that an Alabama licensee about that the client couldn't reasonably ascertain
must provide to her clients?
Alabama broker Jim is acting as a He must get the written, informed, advance
limited consensual dual agent for consent before entering into the relationship.
seller Christine and buyer Blake.
Which of the following is required for
Jim to act in this capacity?
What action may licensees take if They may request a rehearing.
they're unhappy with the
commission's final decision on their
hearing?
The funds placed in trust accounts FDIC
are insured by the ______.
When it comes to earnest money, Earnest money must be placed in a trust account.
which one of the following
statements is true?
, D'Wayne is acting as the buyer's A single agent
agent for Alabama resident Rocky in
a real estate transaction. In this
transaction, what is D'Wayne's role?
Julie is working with buyer clients She must provide it when an offer is signed.
and has prepared an estimated
closing statement. Which of the
following statements is true?
Should the broker end up in Frozen
litigation, any trust funds not safely
tucked away in a trust account could
be ______.
Which one of the following is a true Qualifying brokers have to notify their brokerage
statement regarding the termination and the commission in writing if they wish to
of qualifying broker status in terminate their status.
Alabama?
For how long must an Alabama Three years
licensee retain transaction file
records after the date of the
transaction?
Which of the following statements Escrow accounts are managed by escrow agents,
about escrow accounts is correct? and are used to hold funds belonging to others,
such as earnest money deposits.
Which entity administers and Alabama Real Estate Commission
enforces Alabama's residential and
commercial laws for activities that
require a license?
