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Alabama Real Estate Commission Salesperson Test Outline 150 Questions

Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the c lass outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200. What federal laws on contacting customers must we obey?. What is the purpose of the Alabama Real Estate Commission?.

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Alabama Real Estate Commission Salesperson Test Outline 150 Questions

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  1. Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200

  2. What federal laws on contacting customers must we obey?

  3. What is the purpose of the Alabama Real Estate Commission?

  4. How many members are on the Commission?

  5. New Commissioners: • Who appoints? • Who confirms? • How long is term? • Are all Commissioners brokers?

  6. How many Commission members hold a real estate license?

  7. How old must Commissioners be to serve?

  8. Define broker

  9. Define associate broker

  10. Define qualifying broker (QB)

  11. Define Commissioner

  12. Define Company

  13. Define Engage

  14. Why would the Commission hold a license?

  15. Define licensee

  16. What is the license period?

  17. By when must the license be renewed?

  18. What is the penalty for late renewal?

  19. By when must continuing education be completed?

  20. Define Person

  21. Define Place of Business • Rural • Within Police Jurisdiction (city) • Any exceptions?

  22. Where must records be kept? • How long?

  23. Define Salesperson

  24. What are the activities that require a license?

  25. License required if performing for another in Alabama: B Buy A Aid R Rent N Negotiate S Sell A Auction L Lease E Exchange

  26. What activities are exempt from a license?

  27. License not required: Myattorney has authority, as an apartment manager, to sell time sharecemetery lots

  28. What must you do if you want to: Co-Brokerage with an out of state broker?

  29. What are the qualifications for an Alabama Salesperson License?

  30. What are the qualifications for a broker license?

  31. QB may serve for more than 1 company if:

  32. How long is a license period?

  33. How much is a salesperson’s renewal?

  34. How many hours of CE are required each license period? • What do the hours include?

  35. Is there an exam in a CE class?

  36. Does your CE need to be up to date to: • Renew a license? • Re-activate a license?

  37. How many hours is the post license course?

  38. How long do you have after taking the state test to complete post license?

  39. What if you forget to take the post license within 6 months?

  40. How much is the temporary license?

  41. Explain how the expiration date of a temporary license is determined?

  42. If you don’t complete the post license course within 1 year of passing the state test, what will happen?

  43. What is the fee to transfer a license?

  44. What must be done to transfer your license to another broker?

  45. Why would a license be inactive?

  46. Must you complete CE if inactive?

  47. How long can you stay inactive?

  48. If you want to re-activate, what must be done?

  49. Each company and branch office must have: • 1 • 2

  50. To be issued a broker license, an applicant must: • 1 • 2 • 3 • 4

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