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Alabama Real Estate Violations & Disciplinary Actions Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. What is the main purpose of the Alabama Real Estate Commission?

Question 2 2. If a real estate agent has been found guilty and has imposed a penalty in civil court, what is the responsibility of the Alabama Real Estate Commission?

Question 3 3. In the event of legal action toward a real estate agent, the agent should alert the Alabama Real Estate Commission _____.

Question 4 4. What is the governmental agency that oversees real estate agent activities in Alabama?

Question 5 5. Your client, the seller, informed you that the roof of the listed home has some damage. What should you do with this information?

Page 2

Question 6 6. One of the disclosures you must complete with your client is the agency disclosure. What is the purpose of this disclosure?

Question 7 7. What can happen if an agent doesn't complete disclosures in a real estate transaction?

Question 8 8. One important aspect of the sale is who will be represented in the sale. What real estate disclosure outlines this information?

Question 9 9. What is the basic purpose of the Alabama Real Estate Commission?

Question 10 10. There are several steps the Alabama Real Estate Commission may take when a complaint is filed. Which is NOT one of those steps?

Page 3

Question 11 11. If a client feels a real estate agent was dishonest in handling his or her transaction, what can the client do?

Question 12 12. Your friend just found out a real estate complaint was filed against him. What is a real estate complaint?

Question 13 13. Can an agent create their own real estate listing agreement form?

Question 14 14. What is one violation that must be avoided in terms of a listing agreement?

Question 15 15. What is one thing the agent must do in regards to the real estate listing agreement?

Page 4

Question 16 16. Your friend has broken the Alabama Real Estate Commission's rules regarding the listing agreement with his client. You don't know the specifics of what was done, but you know the commission may get involved. What is one thing the Commission may do when a rule is broken?

Question 17 17. A real estate offer is:

Question 18 18. What is required when a buyer submits a written offer on a piece of real estate?

Question 19 19. In Alabama, what happens if a seller's agent does not present a written offer to his or her client when the house is still on the market?

Question 20 20. How long does a seller's agent have to respond to a written real estate offer?

Page 5

Question 21 21. The Alabama Real Estate Recovery Fund has a per-incident maximum. What is that maximum?

Question 22 22. Can the child of a real estate agent file a claim against his or her parent to receive an award from the Alabama Real Estate Recovery Fund?

Question 23 23. Brad's buyer files a claim to the Alabama Real Estate Commission, stating she lost money at closing on the house she brought with Brad's help two years earlier. Why will her claim not be awarded?

Question 24 24. Sandra buys her home without an agent from a seller who sold their home as a For Sale By Owner property. Sandra uses Pam to help her with her mortgage. Sandra feels Pam made errors that caused her to lose $15,000 on her home purchase. Can Sandra collect funds from the real estate recovery fund?

Question 25 25. What is one form of disciplinary action a real estate agent may face in Alabama?

Page 6

Question 26 26. What is a real estate contract violation in Alabama?

Question 27 27. What is an example of a violation of the Alabama Real Estate Commission's rules?

Question 28 28. What is a real estate violation?

Question 29 29. You are representing a seller who has become very angry that his house hasn't sold. In fact, he is blaming you for not finding a buyer yet. You just received court papers saying he is suing you for misconduct. What is one thing you must do?

Question 30 30. How can a seller's disclosure help a buyer?

Alabama Real Estate Violations & Disciplinary Actions Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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