COLIBRI REAL ESTATE 30-
HOUR ALABAMA POST
LICENSE PRACTICE EXAM
COMPLETE 50 QUESTIONS
Question 1: Under current Alabama RECAD guidance, what should a licensee do
before showing property to an individual buyer?
Choices:
1) Provide the required brokerage-services disclosure and agency disclosure o�ce policy before providing brokerage services 2) Wait until the buyer decides to make an o�er before discussing brokerage services 3) Create a dual-agency agreement even if the seller is represented by another company 4) Ask the buyer to waive all agency disclosures in writing Correct Answer: Provide the required brokerage-services disclosure and agency disclosure o�ce policy before providing brokerage services Explanation: Current Alabama guidance requires the consumer to receive the Real Estate Brokerage Services Disclosure and the company's Agency Disclosure O�ce Policy before brokerage services are provided. A signed brokerage agreement is required before submitting an o�er on the buyer's behalf.Page 1
Question 2: At the initial contact with an Alabama consumer, before a written
agency agreement is established, the licensee is generally considered what?
Choices:
1) A dual agent 2) A transaction facilitator 3) A subagent of every listing broker 4) An undisclosed buyer's agent
Correct Answer: A transaction facilitator
Explanation: Under Alabama RECAD, a licensee is generally treated as a transaction facilitator until a written bilateral agency agreement establishes an agency relationship.
Question 3: In a typical Alabama resale transaction governed by caveat emptor,
what is the buyer's safest practical response to concerns about the property's condition?
Choices:
1) Rely solely on the listing photographs 2) Assume the seller guarantees every component of the home 3) Conduct appropriate inspections and due diligence before the contractual deadlines 4) Delay all inspections until after closing Correct Answer: Conduct appropriate inspections and due diligence before the contractual deadlines Explanation: Caveat emptor means buyer beware. A prudent buyer should investigate the property's condition through appropriate inspections and due diligence within the time allowed by the contract.Page 2
Question 4: Which statement best distinguishes a mortgage pre-approval from a
basic pre-quali�cation?
Choices:
1) A pre-quali�cation guarantees �nal loan funding 2) A pre-approval eliminates the need for an appraisal 3) A pre-quali�cation is issued only after underwriting is complete 4) A pre-approval generally involves a more thorough lender review of the borrower's �nancial information Correct Answer: A pre-approval generally involves a more thorough lender review of the borrower's �nancial information Explanation: A pre-approval normally re�ects a more substantial review of income, assets, credit, and other lending criteria. It still is not a guarantee of �nal funding and may remain subject to conditions.
Question 5: A buyer asks an agent to show homes only in neighborhoods where
'families like us usually live.' What is the best response?
Choices:
1) Provide objective property and location criteria while allowing the buyer to choose areas without steering 2) Select neighborhoods based on the buyer's protected-class characteristics 3) Ask other agents which neighborhoods have the preferred demographic mix 4) Refuse to show any homes until the buyer identi�es a school district Correct Answer: Provide objective property and location criteria while allowing the buyer to choose areas without steering Explanation: Steering based on protected characteristics can violate fair housing law. The licensee should use objective criteria supplied by the buyer and avoid directing the buyer toward or away from areas based on protected-class composition.Page 3