Alabama Real Estate BUNDLED Exam 2023 with 100% correct answers

Helen - correct answerBender contract - correct answeran agreement between two legally competent parties Expressed Contract - correct answera written or oral agreement in which the intent of the parties is stated(expressed) in the contract itself example of expressed contract - correct answ...

Which of these people can be helped by Alabama's real estate regulations? A) Dale found a small shed that he wants to buy for his backyard. However, the shed is used, and he's not sure if it's well made. B) Lucy wants to rent an apartment. She found one that looks nice, but she's not sure that...

15 days - correct answerAREC must give __?____ days notice of the hearing? 30 days - correct answerHow many days does AREC have to give before their decision is stated? 30 days - correct answerFollowing a hearing, How many days does the licensee have to decide if they will accept the decision ...

15 days - correct answerAREC must give __?____ days notice of the hearing? 30 days - correct answerHow many days does AREC have to give before their decision is stated? 30 days - correct answerHow many days does the licensee have to decide if they will accept the decision of AREC or appeal it?...

A licensee that has passed the broker exam but is not acting as the qualifying broker of a brokerage and is not responsible for the actions of other licensees. - correct answerAssociate Broker A licensee that has passed the broker exam. - correct answerBroker The Alabama Real Estate Commission...

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....

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 - correct answerC. By type of property Which of the following is i...

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

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

1031 Tax Deferred Exchange - correct answerallows the owner of real property to sell that property that reinvest the proceeds in like "like-kind" property and defer paying any capital gains taxes. abstract of title - correct answerThe condensed history of a title to a particular parcel of real ...

Water rights are created by____________________. - correct answercommon law or statue Parking spaces in multi unit buildings, water rights, and similar things of value that convey with property are classified as_______________. - correct answerAppurtenances _____________________ are rights or ...

A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. - correct answerdesignated agency A _________ agency gives the agent authority to do ...

The Federal Government - correct answerWhich entity is prohibited from collecting taxes on real property? The right to exclude the utilities meter reader - correct answerThe right to control one's property includes all of the following EXCEPT Tenancy by the entireties - correct answerWhich of...