Cleana

What are constellations? How many are there? - A group of stars.88 What is the celestial sphere? - An imaginary sphere that maps all celestial objects. What is the celestial equator? - Earth's equator expanded onto the celestial sphere. What is an ecliptic? - A circle on the celestial sphere representing the sun's apparent path during the year. What are the North and South celestial poles? - Earth's north and south pole expanded onto the celestial sphere. What is the difference...

What type of listing is typically a verbal agreement? - An Open Listing Implied Agency - Relationship was never discussed but actions of one or more of the parties "implied" a relationship exists. What two agreements are considered personal services agreements? - Listing agreement and Buyer agreement When both the buyer and the seller are represented by the same brokerage firm is called: - Dual Agency Who typically manages the MLS? - Local Board of Realtors Equal Credit Opportun...

A buyer's agent receives a written offer on a single family residence that her buyers wish to submit. What must the agent provide to her buyer at the time the buyer signs the written offer? A. An explanation of limited dual consensual agency. B. A copy of the Alabama Consumer Information booklet. C. A copy of the written offer for the buyer's records. D. A complete estimated closing statement. - D. A complete estimated closing statement. At the time the buyer signs the written offer, th...

The Mission of the Alabama Real Estate Commission is to...? To serve and protect the public through licensing and regulating of real estate activities in the state of Alabama A buyer would be protected against the claims of ownership from a third party under which of the following? Title insurance All of the following are violations of the federal fair housing acts EXCEPT? Checking the credit of a member of a protected class If a lease expires and the tenant refuses to vacate ...

Glenda is the office manager for a local real estate firm. If she is responsible for coordinating the paperwork flow through the office, preparing ads and supervising the clerical staff, Glenda is which of the following? Required to have a salesperson's license Violating license law Required to have a broker's license Exempt from the license law - Exempt from the license law f a resident has filed a complaint against Broker Garrison, the Commission has the power to do all of the follo...

In a PUD, the property owner is responsible for repairs and maintenance of the exterior of his her own dwelling. - True In a condominium complex which of the following are considered to be common areas? - Not the unit itself. - balconies / hallways / landscaping Which of the following can be setup as condominium ownership? - Commercial buildings/ Residential buildings / Industrial park Hazel and Bob live in a community property state. Hazel owns some investment property that she owned p...

"To uphold, protect, and promote the public interest, which embraces the interests of regulated licensees and entities and the interest of consumers, by the fair and impartial development and administration of licensing laws and regulations." - Alabama Real Estate Commission Mission Statement Protect consumers from unprofessional practices. - What is the primary purpose of license laws? Buyers, Sellers, Tenants, and Land/Building Owners - Who does license law protect? Law of Contracts...

Special or Specific Agency - The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. General - Principal and agent enter into a contract giving the agent the authority to conduct several activities-show property to renters, check references and negotiate leases. Designated agency - A dual agent cannot fully represent both parties so the agent ...

Which of the following ways of specializing is common in the real estate brokerage business? A. By type of mortgage financing required B. By years of experience in the business C. By type of property D. By background of client - C. By type of property Which of the following is included in the legal concept of land? A. A corn crop B. A lake C. A felled tree D. An abandoned vehicle - B. A lake A property abuts a non-navigable stream. What does the property owner own? A. Land to the ...

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