ALABAMA COLIBRI REAL ESTATE EXAM QUESTIONS WITH ALL CORRECT AND VERIFIED ANSWERS

ALABAMA COLIBRI REAL ESTATE EXAM QUESTIONS WITH ALL CORRECT AND VERIFIED ANSWERS
Question 1: Steven just successfully finished his required real estate
prelicensing course. Which statement is TRUE?
A. Once he joins the NAR, he can call himself a REALTOR®.
B. Once he passes the state exam, he can call himself a REALTOR®.
C. Once he has his real estate license, he can call himself a REALTOR®.
D. Once he affiliates with a broker, he can call himself a REALTOR®.
Correct Answer: Once he joins the NAR, he can call himself a REALTOR®.
Question 2: In order to be considered an independent contractor, a licensee's
compensation must be
A. based on sales produced, not hours worked.
B. based on a negotiated annual salary.
C. based on an hourly wage only.
D. a combination of hourly wages and commission.
Correct Answer: based on sales produced, not hours worked.
Question 3: Licensee Louie has worked for Rick, the broker at ABC Realty, for
20 years. Louie has been accused of negligence for not disclosing a material fact
to a buyer. Which statement is TRUE?
A. Rick cannot be held liable for any associated licensee's conduct.

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