AL Real Estate study plan

Distinguish single agency, dual agency, and designated agency, and state which duties each licensee owes to each party in a given fact pattern

Classify disputed items as real property or personal property by applying the annexation, adaptation, and intention tests for fixtures

Match each fiduciary duty (loyalty, disclosure, confidentiality, accounting, reasonable care, obedience) to the specific conduct that breaches it

Sequence the required timing of an agency disclosure in an Alabama transaction from first substantive contact through closing

Identify the three primary categories of property use and the private and public restrictions that limit each

Compute indicated value with the sales comparison approach using adjusted comparables, including dollar and percentage adjustments

Compute value with the cost approach by estimating reproduction cost, then subtracting physical deterioration and functional and external obsolescence

Compute value with the income approach using both a gross rent multiplier and a capitalization rate, and explain when each is preferred

Classify a given agreement as valid, void, voidable, or unenforceable and identify which essential element is missing

Trace offer, counteroffer, acceptance, and notification, and state when equitable title passes to the buyer

Select the correct remedy (specific performance, liquidated damages, rescission, damages) for a described breach scenario

Match FHA, VA, USDA, and conventional loan programs to borrower scenarios by down payment, mortgage insurance, occupancy, and property condition requirements

Calculate loan-to-value ratio, monthly principal and interest, discount points in dollars, and the seller and buyer allocation of typical closing costs

Differentiate the Alabama license tiers, their education and experience prerequisites, and the continuing education requirement for renewal

Explain Alabama Recovery Fund eligibility, per-transaction and aggregate payout limits, and the conduct that disqualifies a claimant

Identify which acts require a license and which are exempt under Alabama license law

Solve commission split problems involving co-broke splits, referral fees, and per-side dollar amounts without arithmetic error

Prorate property taxes, rent, and insurance at closing on both a 365-day actual basis and a 30-day-month basis, and reconcile the two results

Convert acreage, square footage, and front-footage figures into the unit required by the problem, including price-per-acre and price-per-front-foot

Compare tenancy in common, joint tenancy, tenancy in severalty, community property concepts, condominium ownership, and entity ownership by survivorship, transferability, and creditor exposure

Determine priority of competing interests by applying notice, race, and race-notice recording statutes

Sequence a settlement from title search through title commitment, deed delivery and acceptance, funding, and recording, and state what happens if any step fails

Compare general warranty, special warranty, bargain and sale, and quitclaim deeds by the covenants each contains and the grantor each implies

Complete both the buyer and seller columns of a settlement statement, allocating each charge to the correct party and prorating items to the closing date

Explain escrow handling, disclosure timing, and the distinction between debits and credits on a closing statement

Draft and critique lease provisions covering security deposits, maintenance obligations, landlord entry, assignment and subletting, and default remedies under Alabama law

Apply Alabama landlord-tenant rules on security deposit holding, itemized return, allowable deductions, and the deadline to return the deposit

Outline the eviction process step by step, including the notice to vacate, the complaint, the hearing, and the writ of possession, and name the deadline for each step

Identify all federally protected fair housing classes and apply them to advertising, steering, and refusal-to-rent scenarios

Complete the Alabama state purchase agreement, agency disclosure, and property condition forms field by field, stating what each blank controls

Distinguish Alabama Commission rule violations that trigger discipline from conduct that does not, and identify the penalty range for each

Re-solve the highest-difficulty appraisal items, including partial-interest valuation, highest and best use, and reconciliation between approaches

Re-derive agency conclusions for conflict-of-interest, undisclosed dual agency, and compensation-from-both-parties fact patterns

Rewrite every missed item from weeks 1 through 6 as a one-sentence rule and re-quiz only those rules until all are answered correctly

Reduce the three weakest sub-topics from the midterm to a single page of decision rules and worked examples

Answer 40 mixed questions under a 50-minute timer and record a score for comparison against the midterm

Re-solve contract formation, contingency, and default problems at full speed, including time-is-of-the-essence and escrow-deposit disputes

Re-solve all calculation types from memory on a single blank formula sheet, including proration, commission, LTV, GRM, capitalization, and area conversion

Complete two full-length timed simulations covering all eleven domains and record sectional percentages for each

Identify any domain still scoring below 75% and drill that domain's missed items until two consecutive error-free sets are achieved

Assemble the final exam-day reference card containing formulas, Alabama deadline numbers, and disclosure timing rules