Alabama Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is an exemption under the Interstate Land Sales Full Disclosure Act?

Any property over 50 acres

Subdivisions with fewer than 25 lots or lots over 20 acres

An exemption under the Interstate Land Sales Full Disclosure Act refers to properties that are excluded from being required to file a property report under the Act. Option A is incorrect because the size of the property does not determine if it is exempt under the Act. Option C is incorrect because the Act only applies to properties sold in the United States, not to foreign investors. Option D is incorrect because the Act applies to both residential and commercial properties. Option B is the correct answer because it lists the specific criteria that must be met for a property to be exempt from filing a property report under the Act.

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Properties sold to foreign investors

Commercial properties only

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