Alabama license law - Study guides, Class notes & Summaries

Alabama Real Estate Commission (AREC) issues the following types of AL Real Estate Licenses Qualifying Broker Associate Broker Salesperson (Temporary salesman license and permanent salesperson license) Company To become a broker, a person must do what two things Complete a 60 hr Broker Pre-License course and submit proof that he or she has been engaged as an active licensed real estate salesman for at least 24 out of 36 months immediately prior to application in any state The Broker app...

How long is a full term of an Alabama commissioner?five years If there is a total of nine commissioners on the Board of Commissioners with a seat for each of the seven congressional districts and a consumer member, who is the last seat reserved for?Black member According to Alabama license law, all offers to purchase must contain what type of clause prominently displayed in the contract?agency disclosure In a real estate company in Alabama, if an individual with a broker license is not ...

Alabama License Law 100% PASS SOLUTION The consumer member of the Alabama Real Estate Commission must be_____ years of age or older. -19 -20 -21 -24 - ANSWER 21 Prior to the appointment of each original appointee to the Alabama Real Estate Commission, these persons must have been residents and citizens of Alabama for a minimum of -three years. -five years. -six years. -ten years. - ANSWER ten years Each member of the Commission____________________during the time in which he/s...

AMP Real Estate Exam - Alabama License Law Summary Questions with Answers Real Estate Broker - ***Any person, firm, or corporation branch office, that for a fee, commission, or other compensation, or the expectation of such, performs certain activities pertaining to real estate Do you have to have a real estate license to sell, exchange, purchase, rent, or lease real estate? - ***Yes Do you have to have a real estate license to offer to sell, exchange, purchase, rent or lease real estate? ...

How many days does a licensee have to notify commission of criminal prosecution or civil complaint? correct answer: 10 days How many days does the real estate commission have to notify licensee of time, date, and place of hearing? correct answer: 15 days How many days does the commission have to render a decision? correct answer: 30 days How many days does a licensee have after the date of the commissions final order to file for rehearing? correct answer: 30 days After transactio...

A broker who operates a brokerage business within the corporate city limits of Montgomery A. maintain maintain his place of business in his home B. May not hire sales people C. must be sure his/her office is located in property zone for business (answer) D. all of the above Any person desiring to make an appeal of a decision or ruling of the commission to a quart must post a satisfactory appeal bond in the amount of $200 Of the following, who would be exempt from the licensure provision...

Alabama Insurance License- Alabama Insurance Law Common to All Lines Questions and Answers Alabama Insurance License- Alabama Insurance Law Common to All Lines Questions and Answers Alabama Insurance License- Alabama Insurance Law Common to All Lines Questions and Answers Cease and desist - ANSWER - to stop or discontinue Coercion - ANSWER - the practice of persuading someone to do something by using force or threats Commission - ANSWER - payment to the agent by the insurance company for...

Alabama Insurance License- Alabama Insurance Law Common to All Lines Questions with 100% Correct Answers

Alabama Insurance License- Alabama Insurance Law Common to All Lines Questions and AnswersAlabama Insurance License- Alabama Insurance Law Common to All Lines Questions and AnswersAlabama Insurance License- Alabama Insurance Law Common to All Lines Questions and Answers Cease and desist - ANSWER - to stop or discontinue Coercion - ANSWER - the practice of persuading someone to do something by using force or threats Commission - ANSWER - payment to the agent by the insurance company for pl...