Bundled Alabama Real Estate Exam

Which of the following ways of specializing is common in the real estate brokerage business? A. By type of mortgage financing required B. By years of experience in the business C. By type of property D. By background of client - C. By type of property Which of the following is included in the...

Special or Specific Agency - The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. General - Principal and agent enter into a contract giving the ...

"To uphold, protect, and promote the public interest, which embraces the interests of regulated licensees and entities and the interest of consumers, by the fair and impartial development and administration of licensing laws and regulations." - Alabama Real Estate Commission Mission Statement P...

In a PUD, the property owner is responsible for repairs and maintenance of the exterior of his her own dwelling. - True In a condominium complex which of the following are considered to be common areas? - Not the unit itself. - balconies / hallways / landscaping Which of the following can be s...

Glenda is the office manager for a local real estate firm. If she is responsible for coordinating the paperwork flow through the office, preparing ads and supervising the clerical staff, Glenda is which of the following? Required to have a salesperson's license Violating license law Required t...

The Mission of the Alabama Real Estate Commission is to...? To serve and protect the public through licensing and regulating of real estate activities in the state of Alabama A buyer would be protected against the claims of ownership from a third party under which of the following? Title ins...

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....

What type of listing is typically a verbal agreement? - An Open Listing Implied Agency - Relationship was never discussed but actions of one or more of the parties "implied" a relationship exists. What two agreements are considered personal services agreements? - Listing agreement and Buyer ...