Alabama License LawIntermediateAlabama Exam
An Alabama real estate licensee who changes from one brokerage to another must:
ARetake the licensing examination
BTransfer their license through AREC and begin working only after the transfer is completeCorrect
CWork for both brokerages for 30 days during a transition period, under typical circumstances
DPay a $500 transfer fee to AREC
Why Transfer their license through AREC and begin working only after the transfer is complete Is Correct
Answer B: Transfer their license through AREC and begin working only after the transfer is complete
When an Alabama licensee moves to a new brokerage, they must transfer their license through AREC and may only perform licensed activities under the new brokerage after the transfer is effective.
People Also Study
Related Alabama Questions
- If an Alabama licensee moves to a new state but wishes to maintain their Alabama license, they must:Alabama License Law
- An Alabama licensee who changes their place of business must notify AREC within:Alabama License Law
- If an Alabama licensee is found to have made a false statement on their license application, AREC may:Alabama License Law
- An Alabama broker who knowingly employs an unlicensed person to perform activities requiring a license may have their license:Alabama License Law
- A license to use another person's property in Alabama is different from an easement because a license is:Property Ownership
- In Alabama, when must a licensee disclose their agency relationship to a prospective buyer?Agency
Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
State-Specific Concepts
Transfer TaxAREC Regulation
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →