Alabama Real Estate
License Exam Prep
Questions and Answers
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.
Answer> D. A complete estimated closing statement.
At the time the buyer signs the written offer, the licensee must present
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.
Answer> an estimated closing statement
The Alabama Real Estate Commission is comprised of
12 members.
4 members.
6 members.
9 members.
Answer> 9 members
Which of the following is TRUE of permanent school records?
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.
Schools are expected to maintain attendance and course completion records for
a maximum of 2 years.
,Schools are expected to maintain attendance and course completion records for
a minimum of 4 years.
All attendance and course completion records are electronically archived by the
Alabama Real Estate Commission for a minimum of 6 years.
Answer> Schools are expected to maintain attendance and course completion
records for a minimum of 4 years.
Schools are expected to maintain permanent records showing attendance and
course completion for .
Answer> at least 4 years.
To meet continuing education requirements each license period, licensees must
complete which of the following course sequences approved by the Commission?
A course in Risk Management plus 1 of the following: License Law/Trust Funds;
Fair Housing, Equal Opportunity and ADA; or RECAD.
A course in RECAD plus 2 of the following: License Law/Trust Funds; Fair
Housing, Equal Opportunity and ADA; or Risk Management.
, Any 3 of the following courses: License Law/Trust Funds; Fair Housing, Equal
Opportunity and ADA; Risk Management; or RECAD.
1 course in each of the following areas: License Law/Trust Funds; Fair Housing,
Equal Opportunity and ADA; RECAD; and Risk Management.
Answer> A course in Risk Management plus 1 of the following: License
Law/Trust Funds; Fair Housing, Equal Opportunity and ADA; or RECAD.
Which of the following statements is TRUE of an applicant whose real estate
license has been revoked?
-Applicant may not be re-licensed in Alabama for a minimum of 5 years.
-Applicant may not be re-licensed in Alabama without the approval of the
Alabama Real Estate Commission.
-Applicant may not be re licensed in Alabama without a written appeal, a
reinstatement fee of $250, and a probationary period of 2 years.
-Applicant may not be re licensed in Alabama or any other state.
Answer> Applicant may not be relicensed in Alabama without the approval of
the Alabama Real Estate Commission.
License Exam Prep
Questions and Answers
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.
Answer> D. A complete estimated closing statement.
At the time the buyer signs the written offer, the licensee must present
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.
Answer> an estimated closing statement
The Alabama Real Estate Commission is comprised of
12 members.
4 members.
6 members.
9 members.
Answer> 9 members
Which of the following is TRUE of permanent school records?
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.
Schools are expected to maintain attendance and course completion records for
a maximum of 2 years.
,Schools are expected to maintain attendance and course completion records for
a minimum of 4 years.
All attendance and course completion records are electronically archived by the
Alabama Real Estate Commission for a minimum of 6 years.
Answer> Schools are expected to maintain attendance and course completion
records for a minimum of 4 years.
Schools are expected to maintain permanent records showing attendance and
course completion for .
Answer> at least 4 years.
To meet continuing education requirements each license period, licensees must
complete which of the following course sequences approved by the Commission?
A course in Risk Management plus 1 of the following: License Law/Trust Funds;
Fair Housing, Equal Opportunity and ADA; or RECAD.
A course in RECAD plus 2 of the following: License Law/Trust Funds; Fair
Housing, Equal Opportunity and ADA; or Risk Management.
, Any 3 of the following courses: License Law/Trust Funds; Fair Housing, Equal
Opportunity and ADA; Risk Management; or RECAD.
1 course in each of the following areas: License Law/Trust Funds; Fair Housing,
Equal Opportunity and ADA; RECAD; and Risk Management.
Answer> A course in Risk Management plus 1 of the following: License
Law/Trust Funds; Fair Housing, Equal Opportunity and ADA; or RECAD.
Which of the following statements is TRUE of an applicant whose real estate
license has been revoked?
-Applicant may not be re-licensed in Alabama for a minimum of 5 years.
-Applicant may not be re-licensed in Alabama without the approval of the
Alabama Real Estate Commission.
-Applicant may not be re licensed in Alabama without a written appeal, a
reinstatement fee of $250, and a probationary period of 2 years.
-Applicant may not be re licensed in Alabama or any other state.
Answer> Applicant may not be relicensed in Alabama without the approval of
the Alabama Real Estate Commission.
