Alabama License Law
An Alabama broker's license may be suspended for which of the following?
ACompleting a transaction without using the MLS
BFailing to disclose a known material defect in a property✓ Correct
CSetting commission rates above the market average
DTaking listings in a new market area
Explanation
Failing to disclose a known material defect is a serious violation of the duty of disclosure and grounds for AREC disciplinary action including suspension or revocation.
Related Alabama Alabama License Law Questions
- The prelicense education hours required for an Alabama real estate broker's license (for those upgrading from salesperson) include:
- A broker who allows an unlicensed person to negotiate real estate transactions in Alabama is:
- A salesperson who collects a commission directly from a buyer, bypassing their broker, has:
- An Alabama real estate broker must keep a copy of every listing and purchase contract for a minimum of:
- Before receiving compensation for the sale of real estate, an Alabama salesperson must verify that:
- When must an Alabama broker provide a written agency disclosure to a prospective client?
- A salesperson in Alabama may operate a real estate business under their own name without broker supervision:
- Under AREC regulations, the term 'active license' means the licensee is:
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