Alabama license law - Study guides, Class notes & Summaries

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...

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 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 fo...

A licensee, who has satisfactorily completed the post-license course and whose original license has been issued, will not be subject to the continuing education requirements for the__________ renewal of his or her original license. a. first b. first and second c. first, second and third d. mid-year c A temporary license holder who does not complete the required licensure course within one year of license issuance, will cause his/her temporary license to automatically a. be suspended...

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 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 forc...

Alabama Insurance License- Alabama Insurance Law Common to All Lines Questions and Correct Answers the Latest Update and Recommended Version

Alabama Real Estate License Law Questions and Answers 100% Pass 15 days AREC must give __?____ days notice of the hearing? 30 days How many days does AREC have to give before their decision is stated? 30 days How many days does the licensee have to decide if they will accept the decision of AREC or appeal it? conversion spending earnest money = theft misuse of trust accounts What is the #1 violation that would cause a license to be revoked or suspended? detailed closing statement showing al...

What is the general thrust of real estate legislation? ANSWER: -Establish personal, educational, and professional requirements for obtaining a license -Establish statutory guidelines of professional conduct and continuing education to maintain a license -Establish a regulatory entity to administer and enforce licensing -Authorize the regulatory body to create regulations and procedures that will enable it to discharge its legal responsibilities Associate Broker ANSWER: Any broker o...

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 applicant ...

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/she serves as a Commissioner. -performs w...