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Alabama Licensing Overview: Unit 23 Flashcards
In Alabama, one of the required continuing education courses is called
Risk Management: Avoiding Violations. Licensees must
complete six hours of risk management classes every two years.Which of the following is a lawful activity for an unlicensed assistant to conduct in the state of Alabama?Receiving, recording, and depositing earnest money If a licensee does not pay its license renewal fees by September 30 of the even-numbered years, and the license lapses, what steps are necessary to reinstate it?No reinstatement possible. The licensee must start all over again. If a licensee does not pay the renewal fee by August 31 of the even-numbered years (the renewal years), then a $150 late fee will be imposed. If the renewal fee and late fee are not paid by September 30 of that same year, the license will lapse and cannot be reinstated.An applicant for a real estate license previously pled guilty to theft of services in the third degree, which is a crime of moral turpitude but only a misdemeanor. Is the applicant eligible for a real estate license?No in all circumstances. The applicant may not have been convicted of a felony or a crime involving moral turpitude nor have had a real estate application or license rejected or revoked in any state within two years before application on any grounds other than failure to pass a written examination. The applicant may apply for an eligibility waiver, however. After submitting evidence and appearing for a hearing, the Commission might grant eligibility.A licensed salesperson wishes to change brokers and go to work for a different real estate company. The current broker refuses to send the license back to the AREC so it can be assigned to the new broker. What can the salesperson do to remedy this situation?Nothing; the new broker can simply file a request for the transfer and pay a $25 fee.The rules of the Alabama Real Estate Commission can be changed by a decision by the Alabama real estate commissioners, notification to the public, and a public hearing before adoption.A licensee's check for its license renewal fee is returned by the bank for insufficient funds. What is the minimum charge that will have to be paid to the Alabama Real Estate Commission?$100 license violation fine. Violations may result in licensees being fined no less than $100 and no more than $2,500, being reprimanded, or the suspension or revocation of their license.A temporary salesperson's license is issued to inactive status. What fees must be paid at the time of application?License fee, criminal background fee, and research and education fee.An associate broker personally manages a rental house for her mother, an activity that does not require a real estate license. With her qualifying broker's consent, the money and all rental activities are entirely separate from the real estate company. The associate broker's siblings discover she has been embezzling money from their mother. Is the qualifying broker liable?Yes, because the qualifying broker is responsible for all real estate activities of its licensees. Even if a licensee is engaged in personal activities or activities for a family member, the qualifying broker is still responsible for improprieties in those transactions. If the broker agrees that a licensee may conduct such business "outside the company," that the broker is referring only to advertising and compensation issues, not to the broker's liability for
failure to properly supervise the licensee.
A temporary salesperson completes 30 hours of post license education on August 1 of the current license period and also completes 18 hours of regular continuing education courses by September 30 of the same year.What portion of the 18 hours can be carried over to the next license period to meet those continuing education requirements?None Proposed members of the Alabama Real Estate Commission are nominated by the Alabama Association of REALTORS®.In Alabama, holding which office prohibits a person from simultaneously becoming a member of the Alabama Real Estate Commission?State senator How many years of active licensed real estate experience are required to become a member of the Alabama Real Estate Commission?10 years of licensed and active real estate experience are required to become a member of the Alabama Real Estate Commission. Ten years with a license on inactive status do not qualify one for membership on the AREC.A salesperson works for a broker. An assistant works for the salesperson. The assistant decides to help out and show some listings for the salesperson while the salesperson is on vacation. Who is liable for the assistant's unlicensed real estate activities?The assistant, salesperson, and broker are all liable.A licensee's brother wishes to make an offer on a piece of real estate and use the licensee to assist him in the sale.Must the purchase contract disclose the relationship to the owner?Yes, disclosure is required because the brother is a member of the licensee's immediate family.The Alabama Real Estate Commission comprises nine members appointed by the governor.If, after a 12-month period, the temporary licensee has NOT completed the Commission's required postlicensing course, the temporary license will lapse.No real estate license is required for managing rental properties consisting of apartment complexes with more than four units each.How many members of the Alabama Real Estate Commission are required to be African-American?One. The Alabama Real Estate Commission must have one member from each of the seven Congressional districts in Alabama, plus an at-large member who is a consumer and not a licensee, plus another at-large member who must be African American.A person holds a real estate license in a state that has similar licensing requirements to Alabama. In order to also obtain a license in Alabama, the person must complete an Alabama application and submit an official license history from the home state.A salesperson with an active license fails to renew that license by the deadline. In addition to the need to pay a penalty upon renewal, what other consequences are there?Automatic license conversion to inactive status, with licensee unable to engage in real estate activities or claim to be able to engage in such activities. The licensee can reactivate-reinstate-the license by paying the license renewal fee, in addition to the research and education fund fee and a $150 penalty. But the licensee must do so by
September 30 of that same year. If not renewed by the second deadline, the license will lapse and cannot be renewed or reinstated.The branch manager for a large mortgage company also holds an active Alabama real estate broker's license. Can that person act as the qualifying broker for other real estate
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