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Standard Interstate Co Brokerage Agreement Form Alabama Real Arec Alabama
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People also ask
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How do I transfer my real estate license to Alabama?
Complete a 6-hr. course in Alabama real estate law. Take and pass the corresponding Alabama portion of the licensing examination. Submit an official "Certificate of Licensure" form (license history) with the application, showing you hold a current license in another state. -
How long must an Alabama broker retain a copy of an expired listing agreement?
(31) If a qualifying broker or company, failing to keep in their files copies of all contracts, leases, listings, and other records pertinent to real estate transactions for a period of three years. -
Which of the following is a requirement for Alabama active real estate licensees?
Alabama Real Estate Broker Licensing Show proof of bona fide residency in any state in the U.S. Show proof of high school graduation or equivalent. Not have been convicted of a felony or a crime involving moral turpitude. Complete 60 hours of required education within one year of purchase. -
How many years must a broker retain all documentation relating to real estate activity?
A licensed broker must retain for three years copies of all listings, deposit receipts, canceled checks, trust account records, and other documents executed by or obtained by the broker in connection with any transaction for which a license is required. -
Which of these documents must Alabama brokerages maintain for at least three years?
Financial records must also be kept for at least three years. -
How long must companies keep all brokerage records ing to Alabama license law?
Also, Section 34-27-36(a)(31) requires that a qualifying broker or company must keep in their files all contracts, leases, listings, and other records pertinent to a real estate transaction for a period of 3 years. -
Which of the following people are exempt from the requirement for an Alabama real estate license?
A person acting under a power of attorney, and without compensation, is exempt from the licensing requirements. The answer is salespersons, brokers, and real estate firms. Although the other answers are also true, they are incomplete. -
What is true about brokerage agreement in Alabama?
What is true about brokerage agreements in Alabama? They must be in writing to be enforceable. An associate who lists a property still has certain obligations to the buyer in a transaction.
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