![Page 1: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/1.jpg)
Alabama Real Estate Commission
Salesperson Test Outline 150 Questions
This follows the class outline
Steve McTyeire, [email protected]
![Page 2: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/2.jpg)
• What federal laws on contacting customers must we obey?
![Page 3: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/3.jpg)
• What is the purpose of the Alabama Real Estate Commission?
![Page 4: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/4.jpg)
• How many members are on the Commission?
![Page 5: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/5.jpg)
• New Commissioners:
• Who appoints?• Who confirms?• How long is term?• Are all Commissioners brokers?
![Page 6: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/6.jpg)
• How many Commission members hold a real estate license?
![Page 7: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/7.jpg)
• How old must Commissioners be to serve?
![Page 8: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/8.jpg)
• Define broker
![Page 9: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/9.jpg)
• Define associate broker
![Page 10: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/10.jpg)
• Define qualifying broker (QB)
![Page 11: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/11.jpg)
• Define Commissioner
![Page 12: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/12.jpg)
• Define Company
![Page 13: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/13.jpg)
• Define Engage
![Page 14: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/14.jpg)
• Why would the Commission hold a license?
![Page 15: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/15.jpg)
• Define licensee
![Page 16: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/16.jpg)
• What is the license period?
![Page 17: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/17.jpg)
• By when must the license be renewed?
![Page 18: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/18.jpg)
• What is the penalty for late renewal?
![Page 19: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/19.jpg)
• By when must continuing education be completed?
![Page 20: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/20.jpg)
• Define Person
![Page 21: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/21.jpg)
• Define Place of Business
• Rural • Within Police Jurisdiction (city)• Any exceptions?
![Page 22: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/22.jpg)
• Where must records be kept?
• How long?
![Page 23: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/23.jpg)
• Define Salesperson
![Page 24: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/24.jpg)
• What are the activities that require a license?
![Page 25: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/25.jpg)
License required if performing for anotherin Alabama:
B BuyA AidR RentN Negotiate
S SellA AuctionL LeaseE Exchange
![Page 26: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/26.jpg)
• What activities are exempt from a license?
![Page 27: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/27.jpg)
License not required:
My attorney has authority, as an apartment manager, to sell time share cemetery lots
![Page 28: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/28.jpg)
• What must you do if you want to:
Co-Brokerage with an out of state broker?
![Page 29: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/29.jpg)
• What are the qualifications for an
Alabama Salesperson License?
![Page 30: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/30.jpg)
• What are the qualifications for a broker license?
![Page 31: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/31.jpg)
• QB may serve for more than 1 company if:
![Page 32: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/32.jpg)
• How long is a license period?
![Page 33: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/33.jpg)
• How much is a salesperson’s renewal?
![Page 34: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/34.jpg)
• How many hours of CE are required each license period?
• What do the hours include?
![Page 35: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/35.jpg)
• Is there an exam in a CE class?
![Page 36: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/36.jpg)
• Does your CE need to be up to date to:
• Renew a license? • Re-activate a license?
![Page 37: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/37.jpg)
• How many hours is the post license course?
![Page 38: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/38.jpg)
• How long do you have after taking the state test to complete post license?
![Page 39: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/39.jpg)
• What if you forget to take the post license within 6 months?
![Page 40: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/40.jpg)
• How much is the temporary license?
![Page 41: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/41.jpg)
• Explain how the expiration date of a temporary license is determined?
![Page 42: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/42.jpg)
• If you don’t complete the post license course within 1 year of passing the state test, what will happen?
![Page 43: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/43.jpg)
• What is the fee to transfer a license?
![Page 44: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/44.jpg)
• What must be done to transfer your license to another broker?
![Page 45: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/45.jpg)
• Why would a license be inactive?
![Page 46: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/46.jpg)
• Must you complete CE if inactive?
![Page 47: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/47.jpg)
• How long can you stay inactive?
![Page 48: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/48.jpg)
• If you want to re-activate,
what must be done?
![Page 49: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/49.jpg)
• Each company and branch office must have:
• 1
• 2
![Page 50: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/50.jpg)
• To be issued a broker license, an applicant must:
• 1• 2• 3• 4
![Page 51: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/51.jpg)
• To be the qualifying broker, an broker must:
• 1• 2• 3
![Page 52: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/52.jpg)
• What are the responsibilities of the QB?
• 1• 2• 3
![Page 53: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/53.jpg)
• QB may terminate status by:
• 1• 2
![Page 54: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/54.jpg)
• QB may terminate agent by:
• 1• 2• 3
![Page 55: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/55.jpg)
• How may a QB serve more than 1 company?
• 1• 2• 3
![Page 56: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/56.jpg)
• What happens if the QB dies or becomes disabled?
![Page 57: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/57.jpg)
• How can the company continue after death of broker?
![Page 58: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/58.jpg)
• What is an associate broker status?
![Page 59: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/59.jpg)
• Who may operate a real estate brokerage from home?
• How can this be done?
![Page 60: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/60.jpg)
• What is the purpose of the Recovery Fund?
![Page 61: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/61.jpg)
• How much will you pay into the Recovery Fund when you get an original license?
![Page 62: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/62.jpg)
• What will happen if the Recovery fund drops below $500,000?
![Page 63: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/63.jpg)
• How is the Recovery Fund funded?
![Page 64: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/64.jpg)
• Does an Alabama salesperson pay into the Recovery fund when they get a broker license?
![Page 65: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/65.jpg)
• Why would the Recovery Fund pay out?
![Page 66: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/66.jpg)
• How much will the Recovery Fund pay due to one transaction?
![Page 67: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/67.jpg)
• How much will the Recovery Fund pay due to one licensee?
![Page 68: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/68.jpg)
• What will happen to the licensee’s license when the Fund pays?
![Page 69: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/69.jpg)
• What will happen if someone calls the AREC and tells them you did something they don’t think is right?
![Page 70: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/70.jpg)
• What is the AREC looking for in a complaint?
• 1 • 2
![Page 71: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/71.jpg)
• What does a complaint include?
• 1• 2• 3• 4• 5
![Page 72: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/72.jpg)
• If probable cause is found, what happens?
![Page 73: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/73.jpg)
• Days to Hearing?• Days to Decision?• Days to Appeal?
![Page 74: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/74.jpg)
• What class violation is a real estate infraction?
![Page 75: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/75.jpg)
• What are the penalties?
• Minimum?
• Maximum?
• Jail time?
![Page 76: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/76.jpg)
• If you don’t like the AREC decision, what can you do?
![Page 77: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/77.jpg)
• Does a rehearing change the effective date of a Commission order?
![Page 78: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/78.jpg)
• If you want to appeal, what do you do?
![Page 79: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/79.jpg)
• Who pays the cost of an appeal?
![Page 80: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/80.jpg)
• Trust Funds must be held:
• 1• 2• 3
![Page 81: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/81.jpg)
• Who can hold the trust money?
![Page 82: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/82.jpg)
• When must trust funds be deposited?
![Page 83: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/83.jpg)
• How is trust money disbursed?
![Page 84: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/84.jpg)
• How long do these records need to be held & where?
![Page 85: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/85.jpg)
• What is RECAD
![Page 86: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/86.jpg)
• RECAD Definitions:
– Agency Agreement
![Page 87: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/87.jpg)
• RECAD Definitions:
– Consumer
![Page 88: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/88.jpg)
• RECAD Definitions:
– Client
![Page 89: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/89.jpg)
• RECAD Definitions:
– Customer
![Page 90: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/90.jpg)
• RECAD Definitions
• Dual Agency:
• 1• 2
![Page 91: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/91.jpg)
• RECAD Definitions:
– Informed Consent
![Page 92: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/92.jpg)
• RECAD Definitions
– Material Fact
![Page 93: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/93.jpg)
• RECAD Definitions:
• Can agency be implied?
![Page 94: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/94.jpg)
• How does fraud apply to implied agency?
![Page 95: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/95.jpg)
• Define
– Transaction Broker
![Page 96: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/96.jpg)
• Define
– Single Agent
![Page 97: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/97.jpg)
• Define
– Dual Agent
![Page 98: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/98.jpg)
• Define
– Sub Agent
![Page 99: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/99.jpg)
• What are the RECAD duties to all:
• 1• 2• 3• 4• 5• 6
![Page 100: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/100.jpg)
• What are the RECAD duties to Clients:
• All of the “duties to all” OLD+ Plus
1
2
3
![Page 101: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/101.jpg)
• Who must sign the RECAD?
![Page 102: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/102.jpg)
• Is there anything else that goes with the RECAD from?
![Page 103: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/103.jpg)
• What is RECAD office policy?
![Page 104: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/104.jpg)
• What services are exempt under RECAD?
• 1• 2
![Page 105: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/105.jpg)
• Violations
• How does the AREC feel about:
– Misrepresentation?
– Dishonest Dealings?
![Page 106: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/106.jpg)
• Will the AREC allow you to operate in a “gray area” by selling and buying property in your family members (spouse, child or parent) names to avoid real estate laws?
![Page 107: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/107.jpg)
• What will the Commission likely do if you don’t tell the truth on your application?
![Page 108: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/108.jpg)
• Do you need to disclose the fact that you have an interest in the property you are selling?
![Page 109: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/109.jpg)
• When must you disclose your personal interest?
![Page 110: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/110.jpg)
• Why is it important to disclose health and safety issues?
• Will you get in trouble for not disclosing something related to this topic?
• Do you have a duty to discover these defects?
![Page 111: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/111.jpg)
• If you induce a party to break a contract to substitute one where you gain,
• will you have some explaining to do?
![Page 112: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/112.jpg)
• Advertising:– What are the 3 rules
• 1• 2• 3
![Page 113: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/113.jpg)
• Do Alabama’s RE laws apply to Internet advertising?
![Page 114: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/114.jpg)
• Rule change on advertising letter size
• New law• Brokerage name must be prominent on ad
• Old Law did say broker name must be as big or bigger than agent’s
![Page 115: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/115.jpg)
What does a listing agreement must have?
![Page 116: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/116.jpg)
• Can we have an automatic renewal on a listing?
![Page 117: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/117.jpg)
• What is a “net listing”
• Are they legal in Alabama?
![Page 118: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/118.jpg)
• Disclosure:
• What are the forms to use for disclosure?
![Page 119: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/119.jpg)
• Disclosure
– What is a latent defect?
![Page 120: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/120.jpg)
• Disclosure:
– Do you need to disclose latent defects?
![Page 121: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/121.jpg)
• Disclosure:
– Do you need to discover latent defects?
![Page 122: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/122.jpg)
• What are some health & safety issues?
![Page 123: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/123.jpg)
• What is the date to use for:– Lead Based Paint (LBP) disclosure?
![Page 124: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/124.jpg)
• Who must sign the – Lead Based Paint form? (LBP)
![Page 125: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/125.jpg)
• What is the fine for not getting the LBP?
![Page 126: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/126.jpg)
• Do you need to give a consumer anything along with the LBP form?
![Page 127: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/127.jpg)
• When do you prepare a net sheet?
![Page 128: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/128.jpg)
• If you own the property you are selling, do you need to disclose this?
• When?
![Page 129: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/129.jpg)
• Must you tell the buyer looking at your listing that there was a murder in the home?
![Page 130: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/130.jpg)
• Would you need to tell them about the Radon gas you know is seeping through the floor?
![Page 131: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/131.jpg)
• What does “caveat emptor” mean?
![Page 132: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/132.jpg)
• How does “caveat emptor” help the seller?
![Page 133: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/133.jpg)
• Agents do not have full immunity under
“caveat emptor”
What are the exceptions:
1
2
3
4
![Page 134: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/134.jpg)
• Why is the disclosure box in a contract?
![Page 135: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/135.jpg)
• How long must you keep records?
![Page 136: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/136.jpg)
• What kind of rebates can you accept?
![Page 137: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/137.jpg)
• RESPA federal law also levels the field by allowing buyers to do what?
![Page 138: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/138.jpg)
• What is an affiliated business arrangement?
![Page 139: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/139.jpg)
• Who is the only one allowed to pay agents?
![Page 140: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/140.jpg)
• What is the fine for presenting a bad check to AREC?
![Page 141: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/141.jpg)
• If you are arrested, or have a civil case filed against you for involving a real estate transaction, when must you inform AREC?
![Page 142: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/142.jpg)
• When the case is settled, how long do you have to let AREC know?
![Page 143: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/143.jpg)
• Can you conduct a lottery for free lots to influence purchasers?
![Page 144: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/144.jpg)
• Documents
• How soon must you get copies to the parties?
![Page 145: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/145.jpg)
• Documents
• How long must these records be kept?
![Page 146: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/146.jpg)
• If you have someone’s documents or papers and won’t give them back, what will the AREC do?
![Page 147: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/147.jpg)
• If you get a written offer, what must you do?
![Page 148: Alabama Real Estate Commission Salesperson Test Outline 150 Questions This follows the class outline Steve McTyeire, Broker stevemct@gmail.com 205-807-5200](https://reader033.vdocuments.site/reader033/viewer/2022051618/56649ce15503460f949abd73/html5/thumbnails/148.jpg)
• Finally, is it illegal to violate any provision or rule of AREC?