Questions and Answers
What is the purpose of license law in Alabama?
Do everything necessary to enforce Alabama license law and adopt and enforce rules and regulations.
How many Real Estate commissioners are there in Alabama?
9
What are the qualifications for the 7 Commissioners and black commissioner?
An AL resident for 10 years, employed as real estate salespeople/brokers for 10 years, cannot be convicted of violating any federal/state real estate license law.
What are the qualifications for a consumer commissioner?
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Who is Alabama license law written by?
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Who wrote the Rules & Regulations for Alabama's real estate?
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How does one become a Real Estate Commissioner?
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How many terms does a commissioner serve?
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What constitutes a quorum among the commissioners?
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When is a new chairperson elected?
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Who do the Commissioners employ?
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What are commissioners paid?
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Is a commissioner liable when performing duties?
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A license is required to ______ real estate belonging to someone else.
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When is one exempt from needing a real estate license?
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What are the qualifications for an original real estate license?
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What is required for an AL reciprocal license?
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What must a temp salesperson do to turn their license into an original license?
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What are the broker license requirements?
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Who is the qualifying broker?
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Study Notes
License Law and Real Estate Commission
- Alabama License Law aims to enforce regulations and standards within real estate.
- Rules and regulations are adopted and enforced by the Alabama Real Estate Commissioners.
Real Estate Commissioners
- Total of nine commissioners: seven from each congressional district, one black member, and one consumer commissioner.
- Commissioners must be Alabama residents for at least ten years and have ten years of experience in real estate as salespeople or brokers.
- Individuals convicted of violating federal or state real estate license laws are ineligible to serve as commissioners.
Consumer Commissioner Qualifications
- Must be at least 21 years old and an Alabama resident for ten years.
- Must be a registered voter with no felony convictions and owned real property.
- Cannot have been licensed as a salesperson or broker in the past ten years and must not be related to or employed by a real estate licensee.
Appointment and Terms
- Real Estate Commissioners are appointed by the governor and confirmed by the senate.
- Each commissioner serves a five-year term and may not serve more than two consecutive terms.
Operational Guidelines
- A quorum of at least five commissioners is needed to conduct business.
- New chairpersons are elected when a new commissioner is appointed.
- Commissioners hire necessary staff, including an executive director and an assistant executive director.
Compensation and Liability
- Commissioners receive $300 per month, coverage for travel expenses, and a per diem.
- Commissioners are not liable for damages caused while performing their duties as mandated by law.
Licensing Requirements
- A real estate license is necessary for actions involving properties owned by others, including selling, renting, listing, or negotiating transactions.
- Exemptions include property owners handling their own real estate, attorneys acting within their professional scope, and certain public officials.
License Application Criteria
- Prospective licensees must demonstrate trustworthiness, be at least 19 years old, and complete specific educational and testing requirements.
- Previous license rejections or revocations disqualify applicants for two years, barring circumstances like failing the state exam.
Reciprocal Licensing
- Individuals seeking an Alabama reciprocal license must take a six-hour course and pass an examination with a minimum score of 70%.
Temporary and Broker Licenses
- A temporary salesperson's license is valid for one year and requires completion of a 30-hour post-license course for conversion to an original license.
- Broker licenses necessitate having been a salesperson for 24 of the last 36 months, completing a 60-hour broker course, and passing both course and state exams.
Qualifying Broker
- The qualifying broker is responsible for the company’s licensing and supervising actions of all licensees under their authority.
- Must be a licensed broker in Alabama and actively oversee the business operations.
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Description
Test your knowledge on Alabama License Law and the role of the Real Estate Commission. This quiz covers the qualifications and regulations that shape the state's real estate landscape. Discover the important criteria for commissioners and consumers alike.