Alabama real estate - Study guides, Class notes & Summaries

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The consumer member of the Alabama Real Estate Commission must be _____. a licensed broker a licensed salesperson an owner of real property a licensed salesperson or broker - an owner of real property Which of the following is NOT a purpose of the Alabama Real Estate License Law? to set qualifications for licensees to enhance the standards of the real estate profession to protect the public against incompetent licensees to regulate commission rates charged by licensees - to regulate com...

Alabama Real Estate Recip Questions and Answers 100% Correct Alabama Real Estate Recip Questions and Answers 100% Correct Alabama Real Estate Recip Questions and Answers 100% CorrectThe consumer member of the Alabama Real Estate Commission must be _____. a licensed broker a licensed salesperson an owner of real property a licensed salesperson or broker - ANSWER-an owner of real property Which of the following is NOT a purpose of the Alabama Real Estate License Law? to set ...

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Alabama Real Estate Exam All Answers Correct 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 agreement When both the buyer and the seller are represented by the same brokerage firm is called: ️Dual Agency Who typically manages the M...

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 agent the authority to conduct several activities-show property to renters, check references and negotiate leases. Designated agency - A dual agent cannot fully represent both parties so the agent ...

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. - D. A complete estimated closing statement. At the time the buyer signs the written offer, th...

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