How are members of the Alabama Real Estate Commission selected?
(a) There is created the Alabama Real Estate Commission. The commission shall consist of nine members appointed by the Governor with the advice and consent of the Senate as hereinafter provided.
Can you sell real estate without a license in Alabama?
Real translation: The State of Alabama does not require every property owner to get licensed in order to sell or lease his or her own property. … A salesperson or associate broker who owns commercial property he or she leases or sells.
What is the number of licensed and unlicensed members in the Iowa Real Estate Commission?
The Real Estate Commission is made up of a seven-member body, with five licensed and two unlicensed members.
How hard is the Alabama real estate exam?
Remember, the Alabama real estate exam is hard to pass and over 50% fail the first time. Not only that, but it is expensive to try again. This course has everything you need to pass the first time at a price that is unmatched.
Which is true concerning a lapsed license?
a community association member acting on behalf of the association. Which is true concerning a lapsed license? The license must be immediately surrendered to the Commission.
How many times can you take the Alabama real estate exam?
FYI, the exam can be taken as many times as necessary to pass within a one year period from the date the course was completed.
Can you pay a referral fee to an unlicensed person in Alabama?
Referral or finder’s fees in residential sales or leasing may not be paid to an unlicensed person. Only a licensee may receive compensation resulting from a real estate transaction and such compensation should be paid at the direction of the licensee’s broker.
What happens to the wall license and pocket card when they are issued?
What happens to the wall license and pocket card when they are issued? They are issued to the employing broker’s business address. The license is mailed to the broker and the pocket card is mailed to the licensee. … Walter’s license will automatically be revoked 60 days after the conviction.
Is a net listing legal in Alabama?
A “net listing” is one that stipulates a net price to be received by the owner with the excess due to be received by the broker as his or her commission. (21) Misrepresenting or failing to disclose to any lender, guaranteeing agency, or any other interested party, the true terms of a sale of real estate.
At least once a year the real estate commission shall prepare a list of all licensees and of all persons whose licenses have been suspended or revoked within one year. The commission is not authorized by law to conduct hearings involving disputes over fees or commissions between brokers or salespersons.
What is the Iowa Administrative Code?
The Iowa Administrative Code (IAC) contains the current administrative rules of executive agencies of Iowa government. The regulations are arranged by agency rather than by subject. The Iowa Administrative Bulletin (IAB) contains proposed and final regulations published chronologically.