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 seller's costs at closing?

Home inspection, credit report for the lender, and hazard insurance
Loan origination fee and appraisal fee
Unpaid balance on the mortgage, liens, and broker's commission
Title search, title insurance, and portion of taxes

The correct answer is: Unpaid balance on the mortgage, liens, and broker's commission

Seller's costs at closing typically include any unpaid balance on the mortgage, liens, and the broker's commission. While options A, B, and D may also be fees that the seller pays during closing, they are not considered "costs" as they are typically paid to third parties such as the home inspector, lender, or insurance provider. Option C highlights costs that are directly related to the seller's ownership of the property, making it the proper choice for this question.