Alabama Real Estate License Law 100% SOLUTION PASS

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 Each qualifying broker shall promptly disburse to the appropriate party any trust monies owed within _______ days of the consummation of the transaction for which the funds were deposited. - ANSWER 7 days Whenever an Alabama broker enters into an agreement with a non-resident broker to engage in activities requiring a real estate license in AL, he must file a copy of the written agreement with the Commission within _________ days. - ANSWER 10 days In all advertising of RE located in AL the _______ of the AL broker shall appear - ANSWER name A licensed broker of another state may act as a co-broker with a licensed broker of this state by written agreement specifying each parcel of property covered, if the state in which the non-resident broker is licensed _____________. - ANSWER offers the same privileges to licensees of this stat