Alabama Real Estate Law - Chapter 5 TEST Graded A+

Alabama Real Estate Law - Chapter 5 TEST Graded A+ In Alabama, to avoid a penalty, licenses must be renewed: ️By August 31 of the seccnd year of a licensure period A salesperson license must ️Reflect the name and current business address of the qualifying broker. If a licensee fails to renew his active license by September 30th of the final year of a licensing period, the license will be placed on inactive status. If the licensee then fails to renew his or her license by September 30th of the next year the license will..? ️Lapse and the former licensee will have to start with pre-licensee course Continuing education (CE) courses must be taken each licensure period to be able to renew an active Alabama real estate license. The total number of CE hours required during a licensure period and the standard for passing is...? ️15 hours and no passing or failing grade A sales agent who was born n 1934 and who received her active license in 1989 and has been in the real estate business ever since is...? ️Exempt from continuing education requirements When a brokerage moves from one address to anothe: inside the state, the Commission must be informed with in.... ️30 days If a licensee wishes to transfer to another brokerage and asks his broker to send the license back to the Commission, the licensee not able to practice real estate from the moment his license is returned to the Commission until the moment the new license has been received by the new broker unless...? ️It was sent certified or registered mail and the licensee holds the receipt. When a temporary salesperson passes the post-licensure course on October 10, 2018 and applies for his original license on October 15, 2018, by when must he complete his first continuing education requirement? ️Midnight, September 30, 2022 Sam is an inactive licensee and just moved to a new home across town. What must he do? ️Send a written notice to the Commission within 30 days How many hours of continuing education must consist of state-approved electives? ️9 hours All of the following statements are true about continuing education EXCEPT? ️If a licensee completes more than 15 hours, the extra hours can carry over to the next renewal period. When a licensee wishes to change her qualifying broker, all of the following must happen EXCEPT? ️The old qualifying broker must give written notice to the Commission. When is the final deadline fcr completing the CE requirement? ️By September 30th of every even year A brokerage company that includes two company licenses, 14 salespeople licenses, and four associate broker licenses. Tc keep the company operating legally in Alabama, how many licenses total will be renewed with the Commission? ️22 A licensee has been inactive for three years. In order to reactivate his license, he must do all of the following EXCEPT? ️If the licensee did not complete the required CE hours for the last license period, he will need to complete only the 6 hours of risk management, take the required CE for the current year and pay the required fees. When must an Alabama real estate license be renewed to avoid paying a late fee penalty? ️August 31st of the even years During the listing appointment, out-of-town sellers agreed to list the home with a salesperson and signed the listing agreement. Upon returning to the office, the licensee learns that her broker returned her license to the Commission. What should the licensee do now? ️Find a new qualifying broker All of the following are requirements for the license certificate of an associate broker EXCEPT: ️Being carried by the associate broker at all times. What is the required risk management course that ALL licensees must take? ️Basic Risk Management Avoiding Violations All of the following statements are true about continuing education EXCEPT? ️Time served in the