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!

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Who usually pays the transfer fee or tax at the time of property title transfer?

  1. The buyer

  2. The seller

  3. The real estate agent

  4. The mortgage lender

The correct answer is: The seller

During a property title transfer, the buyer and seller must agree on who will cover the transfer fee or tax. However, it is typically the seller who pays this fee as it is seen as a cost associated with the sale of the property. The real estate agent and mortgage lender are not responsible for paying the transfer fee or tax. It is important to note that this may vary depending on the specific terms negotiated between the buyer and seller.

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