Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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 type of deed is considered in a sales contract?

Only traditional deeds
The buyer's preferred type
Only electronic deeds
Non-negotiable deeds

The correct answer is: The buyer's preferred type

A sales contract involves an agreement between a buyer and seller for the transfer of property. A traditional deed is a type of transfer document that is commonly used in real estate transactions. The buyer's preferred type of deed would depend on their personal preference, but it is not limited to only traditional deeds. Electronic deeds, also known as e-deeds, are becoming more common in real estate transactions, but it is not the only type of deed considered in a sales contract. Non-negotiable deeds are not typically used in sales contracts as they do not allow for any changes or modifications to be made. Therefore, the only correct option is B, as it allows for the buyer to choose the type of deed they prefer for the transfer of property.