Alabama Real Estate License Law 100% SOLUTION PASS

AREC must give __?____ days notice of the hearing? - ANSWER 15 days How many days does AREC have to give before their decision is stated? - ANSWER 30 days Following a hearing, How many days does the licensee have to decide if they will accept the decision of AREC or appeal it? - ANSWER 30 days Net sheet--must be provided to the principal the licensee represents/assists with each offer or counteroffer - ANSWER Estimated closing statement When should any cash funds be deposited by? - ANSWER Immediately A qualifying broker shall be held responsible to the _________&____________ for all acts of each salesperson and associate broker licensed under them - ANSWER Commission and public Individual whose primary business is real estate and who supervises all licensees in a brokerage and who must be a signatory on all trust accounts - ANSWER Qualifying Broker