ALABAMA LICENSE LAW

Students have ____ year/s after enrolling in a pre-license course to complete it or the student must begin again.

• 15 days

• 3 years

• 10 days

• 1 year

Any broker, salesperson, or company

• 6 months

• Licensee

• Buyers & Sellers

• Dual Agency

All Alabama Real Estate Commission members are required to serve terms of

• Two Years

• Five Years

• Six Years

• Three Years

Which of the following is true of the Alabama Real Estate Commission?

• The Commission consists of 8 members

• The members are appointed by the qualifying brokers

• The members are appointed with the advice and consent of the Senate

• Commissioners are not paid for the time they spend as Commissioners

These are all examples of what is required as proof of age when applying for a Real Estate License except:

• Valid Driver's License

• US Passport

• Birth Certificate

• Social Security Card

When Sam Jones applies for his temporary active license as a salesperson, how much will he have to pay to the Research and Education Fund?

• $15

• $20

• $25

• $30

What is the total fee for an active temporary license?

• $150

• $180

• $205

• $235

Alabama Real Estate Commission (AREC) must give how many days notice of a hearing for a formal complaint?

• 6 months

• 30 days

• 15 days

• 10 days

What is one thing you cannot do under license law if you do not have a real estate license in Alabama?

• Work as a car salesman

• Work as an accountant for a real estate brokerage

• Teach real estate classes if you are not licensed

• Collect a commission or payment for real estate activities

Imagine you are burned out as a qualifying real estate broker and want to close your Alabama office and return to sales. What must you do?

• Wait for your business to go bankrupt

• Fire the agents and move to a home office in your urban area

• Submit paperwork to the Commission to be an associate broker with another agency

• Wait for Alabama Real Estate Commission to terminate your license