Alabama License LawIntermediateAlabama Exam
AREC has the authority to do which of the following?
ASet commission rates for real estate transactions
BSuspend or revoke a real estate licenseCorrect
CRequire lenders to approve mortgage applications
DSet property tax rates
Why Suspend or revoke a real estate license Is Correct
Answer B: Suspend or revoke a real estate license
The Alabama Real Estate Commission (AREC) has the authority to investigate complaints, hold hearings, and suspend or revoke licenses for violations of Alabama real estate law.
People Also Study
Related Alabama Questions
- The Alabama Real Estate Commission can suspend or revoke a license for all of the following EXCEPT:Alabama License Law
- Which entity has the authority to investigate complaints against Alabama real estate licensees?Alabama License Law
- A consumer files a complaint against an Alabama licensee with AREC. The Commission:Alabama License Law
- AREC's authority to regulate Alabama real estate licensees is granted by:Alabama License Law
Key Terms to Know
Private Mortgage Insurance (PMI)
Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
Math Concepts
State-Specific Concepts
AREC Regulation
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →