Alabama Real Estate Practice Exam

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Master your Alabama real estate exam with our comprehensive practice test. Tailored feedback, expert tips, and up-to-date questions to ensure your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What are the requirements for a lease to be valid?

Mutual agreement, legal purpose, and consideration
Public posting for 30 days
Approval from a government agency
It must be notarized

The correct answer is: Mutual agreement, legal purpose, and consideration

A lease must have three key elements to be valid mutual agreement between both parties, a legal and lawful purpose (such as renting a property), and consideration (meaning something of value is being exchanged, such as money or services). Option B is incorrect because public posting is not a requirement for a lease to be valid. Option C is incorrect because while certain leases may require approval from a government agency, it is not a general requirement for all leases. Option D is also incorrect because a lease does not necessarily have to be notarized to be valid. Therefore, the only correct answer is A, as it lists all three necessary elements for a valid lease.