License Law 2

How many questions on the State portion of the exam?

• 40

• 50

• 140

• 100

This chapter may be cited as the Alabama Real Estate License Law of _________.

The commission shall revoke or suspend the license or impose a fine of not less than one hundred dollars ($100) nor more than ____________.

The commission may ________or ____________a license until such time as the licensee has completed an approved continuing education course

• revoke and settle

• revoke and suspend

• suspend and reconsider

• accept or deny

The commission may revoke or suspend a license until such time as the licensee has completed an approved continuing education course if the person is

• Procuring or attempting to procure, a license, for himself or herself or another, by honesty

• Procuring or attempting to procure, a license, for himself or herself or another, by fraud, misrepresentation, or deceit

• Procuring or attempting to procure, a license, for himself or herself or another, by representation of a valid license

• None of the above

It is a violation of License Law if a person is

• Engaging in misrepresentation or dishonest or fraudulent acts when selling, buying, trading, or renting real property of his or her own or of a spouse or child or parent.

• Engaging is lawful acts for his/her family

• Engaging in unlawful acts when selling personal property

• None of the above

Can your license be revoked if you

• Yes if you List property

• Yes if you Sell a listing

• Yes if you Make any false promises of a character likely to influence any person to enter into a contract

• None of the answers are correct

Under what circumstances can a license be suspended by the commission?

• For failing to pay annual fees

• For engaging in fraudulent activities

• For not attending meetings

• None of the above

Which of the following actions could lead to the revocation of a license?

• Providing accurate information to clients

• Making false statements to obtain a license

• Completing all required continuing education courses

• None of the above

What is considered a violation of License Law?

• Engaging in honest transactions

• Engaging in fraudulent acts when dealing with real estate

• Engaging in lawful acts for personal gain

• None of the above