Alabama License Law
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 jurisdiction✓ Correct
BFile a complaint with the National Association of REALTORS
CObtain written approval from AREC before suing the licensee
DPay a filing fee of $500 to AREC
Explanation
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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