Alabama License LawIntermediateAlabama Exam
AREC's Real Estate Recovery Fund requires that any person who files a claim must first:
AObtain a judgment against the licensee in a court of competent jurisdictionCorrect
BFile a complaint with the National Association of REALTORS
CObtain written approval from AREC before suing the licensee, as a general rule
DPay a filing fee of $500 to AREC
Why Obtain a judgment against the licensee in a court of competent jurisdiction Is Correct
Answer A: Obtain a judgment against the licensee in a court of competent jurisdiction
To be eligible for a Recovery Fund claim in Alabama, the claimant must first obtain a court judgment against the licensee and demonstrate that the judgment cannot be collected.
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