with broker and then failing to pay is an example of:a.

Alabama Real Estate License Law Flashcards A real estate company can provide any of the following real

estate services except:a. Single Agency for buyerb.

Appraise property for sellerc. Sub agencyd. Limited Consensual Dual Agency

• Appraise property for seller

Broker promising to pay an owner $500 if owner would list

with broker and then failing to pay is an example of:a.

Flagrant misrepresentationb. Failing within reasonable time to account for money belonging to othersc. Making a false promise to induce seller to listd. Placing a sign on property without permission of owner

• Making a false promise to induce seller to list

All of the following are services that a transaction broker

could provide except:a. Advising buyer to pay $500 earnest

money on offer to purchaseb. Show property to buyerc.Hold an open house for sellerd. To assist buyer in making a written offer

• Advising buyer to pay $500 earnest money on offer to

purchase Regarding the company agency policy, which of the following is correct?a. The company must provide any service chosen by the seller or buyerb. If company offers agency service to sellers, they must offer agency services to buyerc. The company can provide or accept any, all, or none of the services on the RECAD disclosure formd.Company must provide limited consensual dual agency service

• The company can provide or accept any, all, or none of

the services on the RECAD disclosure form

All of the following are violations of License Law except:a.

Presenting the commission, as payment for a fee or fine, a check that is returned unpaidb. Establishing an association, by employment or otherwise with an unlicensed person who is expected or required to act as a licenseec.Establishing a minimum acceptable commission for your servicesd. Offering free lots or conducting lotteries for the purpose of influencing a party to purchase or lease real estate

• Establishing a minimum acceptable commission for your

services From the final hearing of any complaint brought before them, the Alabama Real Estate Commission shall render a

decision on such complaint within:a. 15 daysb. 30 daysc.

60 daysd. 90 days

• 30 days

All of the following are correct regarding qualifying broker

except:a. Have a separate license for each company

serving as qualifying brokerb. Must be licensed as broker for minimum of 24 months out of the past 36 months to become approved as qualifying brokerc. Real estate must

be principal businessd. Must actually provide full-time supervision for all licensees with company

• Must be licensed as broker for minimum of 24 out of past

36 months to become approved as qualifying broker

All of the following are agency services except:a. Advising

buyer on purchasing a particular homeb. Assisting buyer in making a written offerc. Informing a seller of buyer's

financial situationd. Advising seller on pricing property to get the quickest sale

• Assisting buyer in making a written offer

The purpose of the agency disclosure statement in the offer to purchase is which of the following?a. To identify the real

estate companies involvedb. To inform both buyer and seller who the licensee is representing and the type of representationc. To establish the commission split to be shared between companiesd. To identify listing

• To inform both buyer and seller who the licensee is

representing and the type of representation