Alabama License LawIntermediateAlabama Exam
Under AREC rules, the term 'principal broker' refers to:
AThe highest-producing broker in a company
BThe broker who is in charge of and responsible for the acts of the brokerage firmCorrect
CAny broker with more than 5 years of experience
DThe broker who has the most affiliated licensees, as is typical in most transactions
Why The broker who is in charge of and responsible for the acts of the brokerage firm Is Correct
Answer B: The broker who is in charge of and responsible for the acts of the brokerage firm
The principal broker is the designated broker who is responsible for supervising the activities of the brokerage and the affiliated licensees.
People Also Study
Related Alabama Questions
- AREC requires that all licensees affiliated with a broker maintain their license:Alabama License Law
- Under AREC rules, within how many days must a salesperson notify AREC after terminating association with a qualifying broker?Alabama License Law
- An unlicensed person who performs real estate brokerage activities in Alabama for compensation is subject to:Alabama License Law
- Under AREC rules, advertising by a licensee must include:Alabama License Law
Key Terms to Know
State-Specific Concepts
AREC Regulation
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →