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WorksheetsLicense Law 2
Total questions: 26
Worksheet time: 19mins
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 (a) .
The commission shall revoke or suspend the license or impose a fine of not less than one hundred dollars ($100) nor more than (a) .
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
Failing to d (a) e to an owner the licensee's intention to acquire, directly or indirectly, an interest in property which he or she or his or her associates have been employed to sell is a violation.
M___rep_________ or failing to disclose to any lender, guaranteeing agency, or any other interested party, the true terms of a sale of real estate is a violation.
(a)
Failing to (a) the buyer or seller at the time an offer is presented that he or she will be expected to pay certain closing costs and the approximate amount of those costs is a violation.
Having entered a plea of guilty or nolo contendere to, or having been found guilty of or convicted of a felony or a crime involving Moral (a) is a violation.
Offering free lots or conducting lotteries for the purpose of (a) a party to purchase or lease real estate.
Failing to include a (a) date of expiration in a written listing agreement or failing to leave a copy of the agreement with the principal is a violataion.
Conduct which constitutes or demonstrates dishonest dealings, bad faith, or untrustworthiness
Acting ne (a) or incompetently in performing an act for which a person is required to hold a real estate license are violations.
Failing without cause to s (a) to the rightful owner, on demand, a document or instrument coming into his or her possession is a violation.
If a qualifying broker or company, failing to keep in their files copies of all contracts, leases, listings, and other records pertinent to real estate transactions for a period of _____ years is a violation.
5
4
1
3
The commission shall notify the licensee and qualifying broker in _______ regarding the complaint.
The commission shall notify the complainant, licensee, and qualifying broker in _______regarding the disposition of the complaint.
a public meeting
a text message
writing
person
If a broker, accepting a(n) "____ _____" agreement for sale of real property or any interest therein. A "net listing" is one that stipulates a net price to be received by the owner with the excess due to be received by the broker as his or her commission is a violation.
open listing
exclusive right
exclusive listing
net listing
Presenting to the commission, as payment for a fee or fine, a check that is ______ _____ is a violation.
not enough
returned unpaid
too much
paid early
If the licensee is a salesperson or associate broker, accepting a commission or other valuable consideration for performing any act for which a license is required from any person except his or her _______ ________ is a violation.
qualifying broker
managing broker
associate broker
advocate broker
Any person or corporation which violates any provision of this chapter commits a Class A misdemeanor and, on conviction, shall be punished accordingly.
Class B
Class C
Class A
Not a misdemeanor
Any person who files with the commission any notice, statement, or other document or information required under the provisions of this chapter which is
1. false or untrue
2.contains any material misstatement of fact
commits a ____________ _________ and, on conviction,
shall be punished accordingly.
(a)
The State _______ and State ________ are directed to pay all expenses incurred by the commission
Comptroller and Treasurer
State Treasurer
Governor and Treasurer
Comptroller and Commissioner
