Section 3: Alabama Real Estate License Requirements Flashcards

Section 3: Alabama Real Estate License Requirements Flashcards

How many hours of continuing education does Alabama require?15 When should licensees who don't receive a renewal form must notify the commission by?August 10th what activities DONT require a license?researching schools, crime rates on neighborhoods, searching the internet and driving streets to locate properties for sale, scheduling showings for properties If a candidate is unsure of her eligibility for an Alabama real estate license due to a prior felony conviction or crime involving moral turpitude, what can she do to verify her eligibility?File for Determination of License Eligibility The broker agrees to...display the salesperson's license in a public place, be responsible for the salesperson' actions, and provide supervision and training Expired LicenseIf you don't complete the license renewal process by midnight on Sept. 30th of renewal year. Have 12 months from expiration date to renew, or will have to start from scratch Isabelle decided to take her career in a different direction and didn't renew her license when her renewal deadline came around. What is her license status?Expired As a licensee, can you change your broker at anytime?Yes What 3 license types must be renewed every 2 years?Broker, salesperson, & license obtained through reciprocity SalespersonHolds an entry level license and performs real estate services under the supervision of a licensed broker To activate an inactive licensemust complete 15 hours of required CE for current license period and after that, complete an additional 15 hours of CE before the end of the next license period If you decide you need to change your qualifying broker or transfer your license for any reason, what things need to be donee?

• Provide written notice to the commission, by certified or

registered mail, that you want to transfer your license- Give a copy of this notice to your current broker- your new broker must file a request for your transfer and a statement assuming liability for you with AREC Any licensee taking CE Courses to renew or activate a

license will fulfill these requirements:

• hours- mandatory risk management12 hours-

Commission- approved courses Reciprocal licensees aren't required to complete the temporary license requirements imposed on new licensees.True Alabama law requires new salespersons to work under the supervision of a broker and to select that broker before applying for a license True

DeVonn has submitted his transfer request to the AREC, given a copy to his current managing broker, and paid the transfer fee. His new managing broker, Florence, has filed her request and liability statement with the AREC. Can DeVonn start work for Florence now?No, because AREC hasn't issued DeVonn his new license To obtain an original (permanent) Alabama real estate license, temporary licensees must complete 30 hours of post-licensing education.Yes What are some exemptions from taking the CE courses to renew license?

• Licensees who complete the 30-hour post-license course

within the first six months of licensure (for active licensees) or within one year (for inactive licensees- Licensees on inactive status (unless they want to reactivate their license)- Licensees who serve as members of the Alabama Legislature during the license renewal period-Licensees who have held a reciprocal license for less than one year- Licensees who were 65 years old on or before October 1, 2000, and had been licensed continuously for the 10 years prior to that date when is the renewal deadline without penalty? August 31 Non-licensed people may not perform real estate activities for others for any kind of payment True Revoked LicenseCommission may do this if you commit a serious offense or are convicted of a serious crime. Can no longer practice RE arissa wants to renew her license. She has completed her CE and has logged on to the renewal website. Does she need to do anything else?Has to pay renewal fees Licensees who fail to renew their licenses within 12 months following the license expiration hold a lapsed license and must complete all licensing requirements as if they'd never been licensed.True Reciprocal license applicants must complete six hours of pre-licensing coursework covering Alabama license law before applying for licensure.True When are licenses not renewed by September 30 are placed on inactive status?October 1st Active licensees have how long to complete their post-licensing coursework?

• months

Active statusyou've met all the requirements for maintaining your license and are legally allowed to practice RE in Alabama Broker's license applicants must complete 75 hours of pre-licensing coursework True You must complete a criminal history background checkTrue Inactive StatusYou may request that the commission place your license on this status, or the commission may deactivate your

license if you fail to meet renewal requirements. Your license can remain this status for an indefinite period, as long as you pay your renewal fees.

What are qualifications for earning a salesperson license?19+ years of age, must be sponsored by an Alabama broker, high school diploma or equal, 60 hours of pre-licensing education, minimum of a 70% on the license exam Reciprocal license applicants must provide their licensing history to the commission within 120 days prior to being issued a reciprocal license.True What is the difference between the process of renewing a salesperson's license and renewing a broker's license?Nothing, both the same process what activities require a license?listing someone's condo for sale, negotiating the exchange of real estate Suspended LicenseCommission may temporarily do this if they determine that you've violated license law or commission regulations.CANNOT practice real estate.BrokerPractices real estate independently or supervises and mentors salespersons and associate brokers Nan is licensed in Mississippi. Her client has found the perfect property to buy-in Alabama. She wants to co-broker this purchase, and her state allows it. Which of the following statements is true?She must enter into a written co-brokerage agreement When can licensees begin the online renewal process?Mid-June What's one of the steps you need to take if you choose to affiliate with a different broker?Notify the commission by certified or registered mail George wants to co-broker a home purchase in Alabama.His state allows this arrangement. Which of the following is a requirement he must meet?Enter into a written agreement with an Alabama broker When do all active real estate licenses active in Alabama expire?Midnight of September 30th of even numbered years Reciprocal licensees may take continuing education courses in Alabama or prove that their license is still in good standing in their home state.True Reciprocal license applicants must pass the reciprocal licensing exam within six months of completing the pre-licensing coursework.True