Alabama License LawIntermediateAlabama Exam
A licensee in Alabama who wishes to place their license on inactive status must:
ASurrender their license to AREC permanently
BNotify AREC and pay any applicable feesCorrect
CContinue paying all renewal fees but stop practicing
DObtain written permission from their employing broker
Why Notify AREC and pay any applicable fees Is Correct
Answer B: Notify AREC and pay any applicable fees
A licensee may place their license on inactive status by notifying AREC and paying applicable fees. An inactive licensee may not perform acts requiring a license.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
State-Specific Concepts
AREC Regulation
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