CE SHOP (ALABAMA) FINAL EXAM REVIEW
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QUESTIONS WITH CORRECT ANSWERS 2025
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ghincidentals, ghher ghtotal ghdamages ghare gh$67,000. ghWhat ghis ghthe ghamount ghshe'll ghreceive? gh-
ghCORRECT ghANSWER gh-$25,000
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Disclosing ghany ghmaterial ghfacts ghthe ghlicensee ghknows ghabout ghthat ghthe ghclient ghcouldn't
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When ghit ghcomes ghto ghearnest ghmoney, ghwhich ghone ghof ghthe ghfollowing ghstatements ghis
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ghwish ghto ghterminate ghtheir ghstatus.
For ghhow ghlong ghmust ghan ghAlabama ghlicensee ghretain ghtransaction ghfile ghrecords ghafter ghthe ghdate ghof
ghthe ghtra ghnsaction? gh- ghCORRECT ghANSWER gh-Three ghyears
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QUESTIONS WITH CORRECT ANSWERS 2025
gh gh gh gh gh
Jeung ghgave ghher ghagent ghan ghearnest ghmoney ghcheck, ghand ghthe ghseller ghaccepted ghJeung's ghoffer.
ghWhat ghwill ghhappen ghto ghthe ghcheck ghnow? gh- ghCORRECT ghANSWER gh-
An ghescrow ghagent ghwill ghhold ghthe ghfunds ghin gha ghtrust ghaccount ghuntil ghthe ghagreement's ghterms ghare
gh satisfied
.
Cheryl, ghthe ghaggrieved ghclaimant ghon gha ghcomplaint ghagainst gha ghlicensee, ghhas ghjust ghwon ghher
ghclaim. ghShe ghd ghemonstrated ghthat ghthe ghlicensee ghwas ghresponsible ghfor ghher ghlosing gh$60,000.
ghShe ghalso ghpaid ghfor gha ghlawy gher, ghwhich ghwas ghanother gh$5,000. ghWith ghother ghfees ghand
ghincidentals, ghher ghtotal ghdamages ghare gh$67,000. ghWhat ghis ghthe ghamount ghshe'll ghreceive? gh-
ghCORRECT ghANSWER gh-$25,000
Jerrold ghreviews ghthe ghfloor ghplan ghof ghthe ghKnoxville ghhouse ghhe's ghgoing ghto ghsell. ghIt's gh3,800
ghsquare ghfeet. ghIn ghhis ghadvertising, ghhe ghbumps ghthat ghnumber ghup ghto gh4,000 ghsquare ghfeet ghto
ghbetter ghjustify ghits ghasking ghprice
. ghWhat ghhas ghJerrold ghdone? gh- ghCORRECT ghANSWER gh-Intentional ghmisrepresentation
Which ghof ghthe ghfollowing ghbest ghdescribes ghan ghinactive ghlicense? gh- ghCORRECT ghANSWER gh-
This ghlicense ghstatus ghmeans ghthat ghyou've ghpaid ghyour ghlicense ghfee ghbut ghhaven't ghcompleted ghyour
ghCE ghrequ ghirements.
If ghyou, ghas ghan ghAlabama ghlicensee, ghmake gha ghstatement ghin ghan ghad ghthat ghyou ghshould ghhave
ghknown ghwas ghfal ghse, ghwhat ghare ghyou ghguilty ghof? gh- ghCORRECT ghANSWER gh-Misrepresentation
Which ghof ghthe ghfollowing ghis gha ghminimum ghservice ghthat ghan ghAlabama ghlicensee ghmust ghprovide
ghto ghher ghclie ghnts? gh- ghCORRECT ghANSWER gh-
Disclosing ghany ghmaterial ghfacts ghthe ghlicensee ghknows ghabout ghthat ghthe ghclient ghcouldn't
ghreasonably ghascer ghtain
, Alabama ghbroker ghJim ghis ghacting ghas gha ghlimited ghconsensual ghdual ghagent ghfor ghseller ghChristine
ghand ghbuyer ghB ghlake. ghWhich ghof ghthe ghfollowing ghis ghrequired ghfor ghJim ghto ghact ghin ghthis ghcapacity?
gh- ghCORRECT ghANSWER gh-
He ghmust ghget ghthe ghwritten, ghinformed, ghadvance ghconsent ghbefore ghentering ghinto ghthe ghrelationship.
What ghaction ghmay ghlicensees ghtake ghif ghthey're ghunhappy ghwith ghthe ghcommission's ghfinal ghdecision
ghon ghthei g h r ghhearing? gh- ghCORRECT ghANSWER gh-They ghmay ghrequest gha ghrehearing.
The ghfunds ghplaced ghin ghtrust ghaccounts ghare ghinsured ghby ghthe gh . gh- ghCORRECT ghANSWER gh-FDIC
When ghit ghcomes ghto ghearnest ghmoney, ghwhich ghone ghof ghthe ghfollowing ghstatements ghis
ghtrue? gh- ghCORRECT ghANSWER gh-Earnest ghmoney ghmust ghbe ghplaced ghin gha ghtrust ghaccount.
D'Wayne ghis ghacting ghas ghthe ghbuyer's ghagent ghfor ghAlabama ghresident ghRocky ghin gha ghreal ghestate
ghtransaction. ghIn ghthis ghtransaction, ghwhat ghis ghD'Wayne's ghrole? gh- ghCORRECT ghANSWER gh-A ghsingle
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Julie ghis ghworking ghwith ghbuyer ghclients ghand ghhas ghprepared ghan ghestimated ghclosing ghstatement.
ghWhich ghof ghthe ghfollowing ghstatements ghis ghtrue? gh- ghCORRECT ghANSWER gh-
She ghmust ghprovide ghit ghwhen ghan ghoffer ghis ghsigned.
Should ghthe ghbroker ghend ghup ghin ghlitigation, ghany ghtrust ghfunds ghnot ghsafely ghtucked ghaway ghin gha
ghtrust ghaccount ghcould ghbe gh . gh- ghCORRECT ghANSWER gh-Frozen
Which ghone ghof ghthe ghfollowing ghis gha ghtrue ghstatement ghregarding ghthe ghtermination ghof ghqualifying
ghbroker ghs ghtatus ghin ghAlabama? gh- ghCORRECT ghANSWER gh-
Qualifying ghbrokers ghhave ghto ghnotify ghtheir ghbrokerage ghand ghthe ghcommission ghin ghwriting ghif ghthey
ghwish ghto ghterminate ghtheir ghstatus.
For ghhow ghlong ghmust ghan ghAlabama ghlicensee ghretain ghtransaction ghfile ghrecords ghafter ghthe ghdate ghof
ghthe ghtra ghnsaction? gh- ghCORRECT ghANSWER gh-Three ghyears
