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 is true about an Open Listing?

Only one broker is authorized to sell the property
The principal cannot sell the property themselves
Any broker who brings a ready, willing, and able buyer receives a commission
The agent receives commission regardless of who sells the property

The correct answer is: Any broker who brings a ready, willing, and able buyer receives a commission

An open listing is a type of listing agreement in which the seller can hire multiple brokers to sell their property. The seller is not obligated to pay a commission to any broker unless they bring a ready, willing, and able buyer. Option A is incorrect because an open listing allows multiple brokers to sell the property, not just one. Option B is incorrect because the principal is still allowed to sell the property themselves, they just may have to pay a commission to the broker who brings the buyer. Option D is incorrect because the agent only receives commission if they bring the buyer, not just for listing the property.