Alabama Real Estate Practice Exam

Question: 1 / 400

What is the purpose of multiple listing systems or services?

To simplify property appraisal

To enforce real estate laws

To enable brokers to share listings and commissions

Multiple listing systems or services were created to enable brokers to share available properties and their associated commissions with other brokers. This allows for a more efficient and widespread distribution of property listings, increasing the likelihood of a successful sale for the seller and a commission for the listing broker. The other options (a, b, and d) do not accurately describe the purpose of multiple listing systems. Property appraisal, while important in the real estate industry, is not the main purpose of multiple listing systems. Enforcing real estate laws and restricting the sale of properties are both regulatory functions and do not relate to the facilitation of property listings and commissions.

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To restrict the sale of properties

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