Alabama real estate - Study guides, Class notes & Summaries

After passing state exam, you have ___ days to apply for a Temporary License, either on an Active or Inactive basis. - 90 Temporary Licenses are only valid for ___ year(s), and cannot be renewed. - 1 For an Original License, you must pass a ___ hour post-license course. - 30 If Temporary License is ACTIVE, the post-license course must be completed within ___ months. - 6. If the post-license course is not completed within ___ year(s), the Temporary License lapses. This period begins o...

ALABAMA REAL ESTATE ACTUAL EXAM (Correctly Answered by Experts)

ALABAMA REAL ESTATE ACTUAL EXAM (Correctly Answered by Experts)

Alabama Real Estate Vocabulary Complete Solutions Real Property Land from center of earth upward to the sky Concepts of land's value - DUST Demand, Utility, Scarcity, Transferability Real Estate Land and interest, rights, and benefits inherent in real estate ownership Situs - Site Preference Personal preference for one property over another Appurtenant - Goes With right, privilege, or improvement belonging to and passing with property - runs with land Tangible - touchable - physic...

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 MLS? - Local Board of Realtors Equal Credit Opportun...

Alabama Real Estate Exam With 100% Verified Answers

Alabama Real Estate Prep Exam | Updated 2024/25 RATED A+

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 ...

Alabama Real Estate Exam Prep Verified Questions And Answers 2023 Alabama Real Estate Exam Prep Verified Questions And Answers 2023 Alabama Real Estate Exam Prep Verified Questions And Answers 2023

Alabama Real Estate State Exam Prep All Answers Correct Abstract Of Title The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. Accelerated Cost Recovery System (ACRS) Method for claiming tax deductions for certain property purchased before 1987 in which it was possible to ...