CAREER ACADEMY OF REAL ESTATE
COURSE
ACTUAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS NEW MODIFIED LATEST
EXAM
A licensee lives in Pensacola FL which is very close to the Alabama state line.
The licensee has a real estate license in FL and AL. - ✔✔✔ Correct Answer >
The licensee must be held by an Alabama qualifying broker.
A licensee lives very close to the Alabama/Georgia state line. The licensees a
real estate license in GA and AL. - ✔✔✔ Correct Answer > The Alabama
license must be held by an Alabama qualifying broker.
What is the difference between an associate broker and a qualifying broker? -
✔✔✔ Correct Answer > An associate broker has the same responsibilities as a
salesperson, it is okay for the qualifying broker to be a selling agent and make
their own commissions, in addition to the other duties required by a qualifying
broker, a qualifying broker is responsible for any mistakes made by a licensee
working on behalf of the qualifying broker, when carrying out real estate related
activities, and a qualifying broker is responsible for supervising all the actions
related to the real estate business of the licensees that worn on behalf of the
qualifying broker.
Page 1 of 52
,the qualifying broker and the associate broker have the same responsibilities.
true or False? - ✔✔✔ Correct Answer > False
What is the primary difference between a qualifying broker and associate
broker? - ✔✔✔ Correct Answer > A qualifying broker is responsible for the
licensees workin under him/her, while an associate broker has the same
responsibilities as a salesperson.
If a qualifying broker dies on July 2nd, of the final year of the license period,
what happens? - ✔✔✔ Correct Answer > A temporary qualifying broker can be
issued a license until September 30th and then renewed to complete the 6
months allowed.
Within___ days of the death or disability of a qualifying broker, a company my
have a broker or salesperson with at least one year experience act as a
temporary qualifying broker. - ✔✔✔ Correct
Answer > 30
After the death or disability of a qualifying broker, what happens if a permanent
qualifying broker is not in place by the time allowable by license law? - ✔✔✔
Correct Answer > The company license becomes inactive.
Page 2 of 52
,That's right! If a company does not select a permanent qualifying broker by the
time allowed, all of the company agents licenses lapses and they have to retake
relicense. True or False? - ✔✔✔
Correct Answer > False.
After the death or disability of a qualifying broker, what happens if a permanent
qualifying broker is not in place by 6 months> -
✔✔✔ Correct Answer > The company becomes inactive.
If the qualifying broker for your company dies or becomes disabled, do you
have to move your license to another company?
- ✔✔✔ Correct Answer > No.
Can one person be the qualifying broker for more than one location? - ✔✔✔
Correct Answer > No, because a qualifying broker must be able to supervise
activities of salespersons and associate brokers on a full-time basis.
A Company license must be applied for by: - ✔✔✔ Correct Answer > The
qualifying broker for the company.
If an applicant for a company license maintains more than one place for
business in Alabama, he/she must have a company license for each separate
location or branch office. Every application for such license shall contain all of
the following
Page 3 of 52
, EXECPT: - ✔✔✔ Correct Answer > The names of licenses working at the
branch office.
If a broker has more than one place of business, she/he applies for which of the
following? - ✔✔✔ Correct Answer > A license for each business location.
The person that applies for the company license swears to be responsible for the
actions of any and all salespersons or associated brokers whose licenses are
issued to the company. -
✔✔✔ Correct Answer > Yes, because the person that signs the application for a
company license is responsible to ensure that all salespersons and associate
brokers are knowledge about all state and federal laws regarding real estate.
If you, as a licensee, wish to terminate your relationship with your broker you
may do so by submitting written notice to the company or qualifying broker of
the parent company and the_____. - ✔✔✔ Correct Answer > Commission.
A broker may serve as a qualifying broker for a salesperson or associate broker
only if he or she shall be in a position to actually supervise the real estate
activities of the associate broker or salesperson ___. - ✔✔✔ Correct Answer >
on a full-time basis.
Page 4 of 52
COURSE
ACTUAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS NEW MODIFIED LATEST
EXAM
A licensee lives in Pensacola FL which is very close to the Alabama state line.
The licensee has a real estate license in FL and AL. - ✔✔✔ Correct Answer >
The licensee must be held by an Alabama qualifying broker.
A licensee lives very close to the Alabama/Georgia state line. The licensees a
real estate license in GA and AL. - ✔✔✔ Correct Answer > The Alabama
license must be held by an Alabama qualifying broker.
What is the difference between an associate broker and a qualifying broker? -
✔✔✔ Correct Answer > An associate broker has the same responsibilities as a
salesperson, it is okay for the qualifying broker to be a selling agent and make
their own commissions, in addition to the other duties required by a qualifying
broker, a qualifying broker is responsible for any mistakes made by a licensee
working on behalf of the qualifying broker, when carrying out real estate related
activities, and a qualifying broker is responsible for supervising all the actions
related to the real estate business of the licensees that worn on behalf of the
qualifying broker.
Page 1 of 52
,the qualifying broker and the associate broker have the same responsibilities.
true or False? - ✔✔✔ Correct Answer > False
What is the primary difference between a qualifying broker and associate
broker? - ✔✔✔ Correct Answer > A qualifying broker is responsible for the
licensees workin under him/her, while an associate broker has the same
responsibilities as a salesperson.
If a qualifying broker dies on July 2nd, of the final year of the license period,
what happens? - ✔✔✔ Correct Answer > A temporary qualifying broker can be
issued a license until September 30th and then renewed to complete the 6
months allowed.
Within___ days of the death or disability of a qualifying broker, a company my
have a broker or salesperson with at least one year experience act as a
temporary qualifying broker. - ✔✔✔ Correct
Answer > 30
After the death or disability of a qualifying broker, what happens if a permanent
qualifying broker is not in place by the time allowable by license law? - ✔✔✔
Correct Answer > The company license becomes inactive.
Page 2 of 52
,That's right! If a company does not select a permanent qualifying broker by the
time allowed, all of the company agents licenses lapses and they have to retake
relicense. True or False? - ✔✔✔
Correct Answer > False.
After the death or disability of a qualifying broker, what happens if a permanent
qualifying broker is not in place by 6 months> -
✔✔✔ Correct Answer > The company becomes inactive.
If the qualifying broker for your company dies or becomes disabled, do you
have to move your license to another company?
- ✔✔✔ Correct Answer > No.
Can one person be the qualifying broker for more than one location? - ✔✔✔
Correct Answer > No, because a qualifying broker must be able to supervise
activities of salespersons and associate brokers on a full-time basis.
A Company license must be applied for by: - ✔✔✔ Correct Answer > The
qualifying broker for the company.
If an applicant for a company license maintains more than one place for
business in Alabama, he/she must have a company license for each separate
location or branch office. Every application for such license shall contain all of
the following
Page 3 of 52
, EXECPT: - ✔✔✔ Correct Answer > The names of licenses working at the
branch office.
If a broker has more than one place of business, she/he applies for which of the
following? - ✔✔✔ Correct Answer > A license for each business location.
The person that applies for the company license swears to be responsible for the
actions of any and all salespersons or associated brokers whose licenses are
issued to the company. -
✔✔✔ Correct Answer > Yes, because the person that signs the application for a
company license is responsible to ensure that all salespersons and associate
brokers are knowledge about all state and federal laws regarding real estate.
If you, as a licensee, wish to terminate your relationship with your broker you
may do so by submitting written notice to the company or qualifying broker of
the parent company and the_____. - ✔✔✔ Correct Answer > Commission.
A broker may serve as a qualifying broker for a salesperson or associate broker
only if he or she shall be in a position to actually supervise the real estate
activities of the associate broker or salesperson ___. - ✔✔✔ Correct Answer >
on a full-time basis.
Page 4 of 52
