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 yellow "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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Question 1 1. A real estate offer is:

Question 2 2. What is required when a buyer submits a written offer on a piece of real estate?

Question 3 3. 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 4 4. How long does a seller's agent have to respond to a written real estate offer?

Question 5 5. What is a real estate listing agreement?

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Question 6 6. What is one violation that must be avoided in terms of a listing agreement?

Question 7 7. What is one thing the agent must do in regards to the real estate listing agreement?

Question 8 8. 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 9 9. What is a real estate violation?

Question 10 10. What is one form of disciplinary action a real estate agent may face in Alabama?

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Question 11 11. What is an example of a violation of the Alabama Real Estate Commission's rules?

Question 12 12. What is a real estate contract violation in Alabama?

Question 13 13. What can happen if an agent doesn't complete disclosures in a real estate transaction?

Question 14 14. Your client, the seller, informed you that the roof of the listed home has some damage. What should you do with this information?

Question 15 15. How can a seller's disclosure help a buyer?

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Question 16 16. One important aspect of the sale is who will be represented in the sale. What real estate disclosure outlines this information?

Question 17 17. Why was the Alabama Real Estate Recovery Fund created?

Question 18 18. 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 19 19. The Alabama Real Estate Recovery Fund has a per-incident maximum. What is that maximum?

Question 20 20. 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?

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Question 21 21. 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 22 22. 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 23 23. In the event of legal action toward a real estate agent, the agent should alert the Alabama Real Estate Commission _____.

Question 24 24. What is the governmental agency that oversees real estate agent activities in Alabama?

Question 25 25. What is the basic purpose of the Alabama Real Estate Commission?

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Question 26 26. There are several steps the Alabama Real Estate Commission may take when a complaint is filed. Which is NOT one of those steps?

Question 27 27. A hearing has been held by the Alabama Real Estate Commission and the agent was not happy with the results. What is the most likely next step the agent will take?

Question 28 28. Your friend just found out a real estate complaint was filed against him. What is a real estate complaint?

Question 29 29. Why must a real estate offer be presented in writing?

Question 30 30. Can an agent create their own real estate listing agreement form?

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 yellow "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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