ALABAMA RECIPROCAL QUESTIONS AND ANSWERS
SET A+
✔✔To conduct business a must be present - ✔✔Quorum of commissioners must be
present and a quorum is 5 members of the commission.
✔✔Earnest money must be - ✔✔kept by broker trust account
✔✔FSBO & attorney ( when performing special duties for a client -Negotiating sale
purchase lease the attorney does not need a license as long as this is performing a
contractual practice for their clients.
Dont need a - ✔✔License
✔✔Exempt from having a license - ✔✔A person /state/ financial institution acting as a
receiver, trustee, or administrator or executor of a will
-A public officer that works for the state is exempt from having their license
-No real estate license need for clerical work
-A assistant can't physically show listed property
✔✔-Onsite condo and timeshare manager need a - ✔✔License
✔✔Anyone who sells cemetery lots - ✔✔do not need a real estate license
✔✔Broker have to hold - ✔✔security deposit or earnest money
✔✔The broker can set policies for his or her company so they may deny a agent if they
want to - ✔✔sell FSBO
✔✔Two types of license - ✔✔Salespersons or broker license
, ✔✔How to get a license: - ✔✔60 HR pre license course then they will be issued a
temporary salesperson license only valid for 1 year. It has to be turned into an original
license by taking a post license course.
✔✔Original licensed is renewed every - ✔✔2 years
✔✔Need to hold an active license for 24 out the past 36 months (2years) to qualify for
and need to take a 60 hr course - ✔✔Broker
✔✔Requirements - ✔✔A person must be trustworthy and competent,has to be 19 yrs
and older, and real estate license must not be revoked for any reason except failure to
pass exam, needs to be a citizen with license or green card, with at least a high school
diploma,or dd214 showing verification of highschool
✔✔60 hr prelicense course requires a - ✔✔Final exam
✔✔State exam & National exam - ✔✔State portion(Al license law) : 40 questions
National portion: 100 questions
✔✔You have 6 months to pass the - ✔✔state exam after completing the reciprocal
course or pre license course for reciprocal.
-The passing grade for the salesperson is 70%
-The applicant can take the state exam repeatedly within the 6 months if the 6 months
pass they have to take it again
-Examination fee must be paid
-Time limit is 3.5 hours
12 months to complete the course or it will expire
✔✔-After passing the exam a applicant have - ✔✔90 days to decide if the want to keep
it active or inactive.
-Active license must be held by a qualifying broker & inactive license must be held by
the commission
-Broker course 40 multiple choice questions & 10 simulations
-They need to pass post final school exam with atleast 70% they don't need to take the
state exam after passing
-Renewal fees $185 170 + 15 research & education
✔✔Company renewal - ✔✔$170
-Penalty for late renewal $150
-Transefer license $25
-Official certification: $10
✔✔Reason why a lisencess can be denied: - ✔✔Felony or a crime regarding moral
turpitude(Crime of bad character)
-Applicant has 15 days to request for hearing after 15 days of being denied
SET A+
✔✔To conduct business a must be present - ✔✔Quorum of commissioners must be
present and a quorum is 5 members of the commission.
✔✔Earnest money must be - ✔✔kept by broker trust account
✔✔FSBO & attorney ( when performing special duties for a client -Negotiating sale
purchase lease the attorney does not need a license as long as this is performing a
contractual practice for their clients.
Dont need a - ✔✔License
✔✔Exempt from having a license - ✔✔A person /state/ financial institution acting as a
receiver, trustee, or administrator or executor of a will
-A public officer that works for the state is exempt from having their license
-No real estate license need for clerical work
-A assistant can't physically show listed property
✔✔-Onsite condo and timeshare manager need a - ✔✔License
✔✔Anyone who sells cemetery lots - ✔✔do not need a real estate license
✔✔Broker have to hold - ✔✔security deposit or earnest money
✔✔The broker can set policies for his or her company so they may deny a agent if they
want to - ✔✔sell FSBO
✔✔Two types of license - ✔✔Salespersons or broker license
, ✔✔How to get a license: - ✔✔60 HR pre license course then they will be issued a
temporary salesperson license only valid for 1 year. It has to be turned into an original
license by taking a post license course.
✔✔Original licensed is renewed every - ✔✔2 years
✔✔Need to hold an active license for 24 out the past 36 months (2years) to qualify for
and need to take a 60 hr course - ✔✔Broker
✔✔Requirements - ✔✔A person must be trustworthy and competent,has to be 19 yrs
and older, and real estate license must not be revoked for any reason except failure to
pass exam, needs to be a citizen with license or green card, with at least a high school
diploma,or dd214 showing verification of highschool
✔✔60 hr prelicense course requires a - ✔✔Final exam
✔✔State exam & National exam - ✔✔State portion(Al license law) : 40 questions
National portion: 100 questions
✔✔You have 6 months to pass the - ✔✔state exam after completing the reciprocal
course or pre license course for reciprocal.
-The passing grade for the salesperson is 70%
-The applicant can take the state exam repeatedly within the 6 months if the 6 months
pass they have to take it again
-Examination fee must be paid
-Time limit is 3.5 hours
12 months to complete the course or it will expire
✔✔-After passing the exam a applicant have - ✔✔90 days to decide if the want to keep
it active or inactive.
-Active license must be held by a qualifying broker & inactive license must be held by
the commission
-Broker course 40 multiple choice questions & 10 simulations
-They need to pass post final school exam with atleast 70% they don't need to take the
state exam after passing
-Renewal fees $185 170 + 15 research & education
✔✔Company renewal - ✔✔$170
-Penalty for late renewal $150
-Transefer license $25
-Official certification: $10
✔✔Reason why a lisencess can be denied: - ✔✔Felony or a crime regarding moral
turpitude(Crime of bad character)
-Applicant has 15 days to request for hearing after 15 days of being denied
