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Rules for Offers Made to Licensees in Alabama Real Estate

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A real estate offer is:

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

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

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About This Quiz & Worksheet

Review rules about making real estate offers to licensees in Alabama with this interactive quiz. The practice questions ask you about requirements, time frames for offer responses, and written offers.

Quiz & Worksheet Goals

What do you know about Alabama real estate? Find out by answering questions on these topics:

  • The definition of a real estate offer
  • Consequences if a seller's agent does not present a written offer to their client
  • When a seller's agent must respond to a written real estate offer by
  • Why a real estate offer must be in writing
  • Requirements when a written offer is submitted by a buyer on a piece of real estate

Skills Practiced

Monitor your improvement of these skills:

  • Knowledge application - use your knowledge to answer questions about the meaning of real estate offer
  • Information recall - access the knowledge you've gained regarding time frame for response by a seller's agent to a written real estate offer
  • Interpreting information - verify that you can read information regarding written offer requirements and interpret it correctly

Additional Learning

With the help of the Rules for Offers Made to Licensees in Alabama Real Estate lesson you can review this topic further. You can also learn more about:

  • Verbal offer presentation requirements
  • Consideration of offers if an offer has already been accepted
  • The role of an agent in property negotiations
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