AREC Exam 2024/2025 Update
Questions & Answers Rated A+
Woodrow helps his neighbor sell his home by assisting with negotiations.
He receives no compensation for his assistance. Based on this transaction,
Woodrow _____ - Doesn't need a real estate license
What must you have to apply as a real e...
Woodrow helps his neighbor sell his home by assisting with negotiations.
He receives no compensation for his assistance. Based on this transaction,
Woodrow _____ - ✔✔Doesn't need a real estate license
What must you have to apply as a real estate salesperson in Alabama -
✔✔A sponsoring broker
Daisy holds a real estate license in Mississippi and looking to obtain a
reciprocal license in Alabama. Which requirement must she meet? -
✔✔Provide her licensing history to the commission within 120 days before
her reciprocal license is issued.
Lucinda is 25 and licensed in Alabama. She has been actively engaged in
real estate for the past three years and has taken 60 hours of broker pre-
licensing coursework. She used to be licensed in Florida, but her license
there was revoked four years ago. She also has five unpaid parking tickets.
Assuming she passes her licensing exam, is she qualified to be a broker? -
✔✔Maybe, if the commission approves her application.
,Alabama broker Mandy has presented the Real Estate Brokerage Services
Disclosure form to consumer Kyla and asked Kyla to sign it. What's the
purpose of Kyla's signature on this form? - ✔✔To acknowledge that
Mandy's presented her with this form
Which of the following actions performed by these licensed salespersons is
a common real estate violation? - ✔✔Benjamin places a lock box in an
inconspicuous location on the sellers' property without their permission.
Alabama licensee Terrence can conduct a lottery to persuade people to do
business with him under which, of any, of the following circumstances? -
✔✔He can't conduct a lottery under any of these circumstances. Holding
these types of lotteries is illegal in Alabama.
A buyer client is preparing an offer on a property. He wants to make sure
his offer stands out above all others and is accepted, so he discusses
waiving the inspection contingency. What should the agent do? -
✔✔Encourage the buyer to get an inspection, and if he still wants to waive
it, put it in writing that you advised against waiving the inspection and have
him sign.
In addition to serving as the listing agent for several clients, your own
house is also on the market. You receive a call from another licensee who
, wants to show her buyer client your house. What must you immediately
disclose to the buyer's agent and buyer? - ✔✔You own the property.
Which of the following actions might be considered a red flag signaling
mortgage fraud? - ✔✔Your buyer requests a specific appraiser.
Which of the following is true about subagency in Alabama? -
✔✔Subagents owe their client the same duties that the agent owes that
client.
Which area of real estate law covers how an agency relationship is created
and the duties of an agent to the principal? - ✔✔The law of agency
Which one of the following actions would be considered a real estate
violation? - ✔✔Hailey ran out of copies of the brokerage engagement form,
so she drafted a copy on a blank sheet of paper.
Licensee Bert's seller client asks him not to tell prospective buyers that he's
selling his house because he's lost his job and can't continue to afford the
mortgage payments. Should Bert obey him? - ✔✔Yes, because this is a
lawful instruction, and this information should be kept confidential.
Which of the following is true about license renewal notifications? -
✔✔AREC mails renewal forms to licensees starting around July 15 of even-
numbered years.
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