Alabama License Law
Under Alabama law, a broker who operates a real estate brokerage as a corporation must ensure that:
AThe corporation holds its own AREC real estate license
BA licensed qualifying broker is designated to hold the license on behalf of the entity✓ Correct
CAll shareholders hold real estate licenses
DThe corporation is registered with AREC as a partnership
Explanation
When a real estate brokerage operates as a corporation (or LLC), a licensed qualifying broker must be designated to hold the license and be responsible for the entity's real estate activities.
Related Alabama Alabama License Law Questions
- AREC requires that all licensees affiliated with a broker maintain their license:
- Which of the following best describes the concept of 'reasonable supervision' required of Alabama brokers?
- Under AREC rules, advertising by a licensee must include:
- An Alabama licensee who has their license revoked must wait how long before reapplying?
- Under AREC regulations, a real estate licensee must disclose their licensed status when:
- Under Alabama law, the term 'associate broker' refers to:
- The Alabama Real Estate Commission has how many licensed commissioners appointed by the Governor?
- AREC's authority to discipline licensees includes which of the following actions?
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →