Alabama License Law Exam Questions Flashcards

Alabama License Law Exam Questions Flashcards The meaning and salient characteristics of the agency relationship should be disclosed to the clientA. prior to completing a listing agreementB. prior to or upon completion of an offer.C. upon the initial contact with the person.D. prior to showing properties.C In which brokerage relationship is the broker NOT working under a signed agreement?A. single agencyB. transaction brokerageC. sub agencyD. limited consensual dual agency B Alabama mandates a consumer's right to a minimum level of service. This mandate does NOT include which of the following services?A. helping a consumer negotiate priceB.presenting and receiving offersC. assisting with financingD.answering questions A Which of the following is NOT an allowed brokerage relationship in Alabama?A. a limited nonconsensual dual agencyB. a single agencyC. a sub agencyD. a transaction brokerage A Scott represents a buyer who is interested in buying a home that Scott's father owns. To avoid violating the law, what must Scott do?A. Scott must have his father list the property with Scott's brokerage.B. Scott must tell the buyer that the property belongs to his father.C. Scott must have another agent within the brokerage handle the transaction.D. All of the above.B When must a listing agent disclose his or her agency relationship to prospective tenants or buyers.A.Immediately prior to the initial contact.B. Upon initial contact.C. Whenever substantive communication is made beyond casual conversation.D. Immediately following any offer executed by a customer.C Whether or not a rebate or incentive is a violation of the Alabama license law depends onA. why it is givenB. how much is givenC. when it is givenD. Who gives it C Jeremy's brother Paul is getting ready to take the real estate licensure exam. Jeremy, who recently passed his exam his exam with a high score, wants to help Paul, so Jeremy offers to use Paul's identification to take the exam for him. After all, they're brothers and look a lot alike, so no one should question the identification. If Paul goes along with this, he will have violated licensure requirements by being dishonest. What law will Jeremy have violated?A.

Dishonesty in procuring a license.B. Failure to show good faith.C. Making false promisesD. All of the above A An agency relationship may be involuntarily terminated for which of the following reasons?A. Condemnation of the propertyB. Mutual consentC. Full performanceD. Renewal of the agent's license A Which brokerage relationship would be common for brokers in a company that is located in a large market area with many listed properties?A. Single agencyB. Transaction

brokerageC. Sub agencyD. Limited consensual dual agency D Which of the following is NOT part of the education requirements for a salesperson license?A. High school

completionB. Pre-license coursework completionC. College degreeD. None of the above C