Section 34-27-35(h) Code of Alabama sets forth that “each licensee shall notify the commission in writing of any change in his or her business or residence address
within 30 days
of the change.” Please note that there is an exception to this law when the time to report your change of address drops from 30 days to 10 …
How long does a licensee have to notify the commission in writing about a change of personal address outside of the state of Alabama?
A person holding a current Alabama license who moves to and becomes a resident of Alabama shall submit notice of change of address to the commission within 10 days. Each license shall notify the commission in writing of any change in their business or residence address
within 30 days of
the change.
When there is a change of address how soon must the commission must be notified online in Florida?
Each licensee and permit holder is required to notify the department when her or his address changes
within 10 days after the change
. This can be done online or submitting the required (DBPR-RE 10) Transaction Form.
What’s the maximum fine the Alabama Real Estate Commission can impose on a licensee?
The commission shall revoke or suspend the license or impose a fine of
not less than one hundred dollars ($100) nor more than two thousand five hundred dollars ($2,500)
, or both, or reprimand the licensee in each instance in which the licensee is found guilty of any of the following acts set out in this section.
When must the Georgia Real Estate commission publish on its website the name of a licensee found guilty of a violation?
If a licensee’s license is revoked or suspended for more than 60 days
, the licensee’s name is required by law to be published on the Georgia Real Estate Commission website.
How many days does a licensee have to notify the Commission in the event that they have moved out of Florida State?
Administrative Rule 61J2-10.038 requires licensees to notify the DBPR of a change in current mailing address within
10 days
after the change.
When a producer’s residential or office address changes the insurance department must be notified within?
Section 1729 of the California Insurance
How hard is the Alabama real estate exam?
Remember, the Alabama real estate exam
is hard to pass
and over 50% fail the first time. Not only that, but it is expensive to try again. This course has everything you need to pass the first time at a price that is unmatched.
How long is a full term of an Alabama commissioner?
The members are appointed with the advice and consent of the Senate. How long is a full term of an Alabama commissioner? D)
five years
.
How are members of the Alabama Real Estate Commission selected?
The Real Estate Commission consists of
eleven members appointed by the Governor for one six-year
term each. Each appointment by the governor is submitted to the Senate for confirmation: One member is appointed from each of the seven Supreme Court districts.
What happens if dual agency is undisclosed?
A dual agency may be created unintentionally, which may have severe consequences for the real estate broker and others. If the dual agency is neither disclosed to nor approved by both parties to the transaction,
undisclosed dual agent cannot recover any compensation
, and a principal can rescind the transaction.
Which is true concerning a lapsed license?
Terms in this set (28) a community association member acting on behalf of the association. Which is true concerning a lapsed license?
The license must be immediately surrendered to the Commission.
Which of the following is true of a licensee who is selling or buying property for himself?
If a licensee is selling or buying property for himself, which of the following is true?
The licensee’s ownership of the property must be disclosed to all parties to the transaction
.
WHO issues a recommended order at the conclusion of a formal hearing?
Within 90 days following conclusion of the hearing,
the administrative law judge
submits a recommended order based on findings of fact and conclusion of law.
How long does the duty of confidentiality last?
Confidentiality: Your fiduciary duty of confidentiality requires that you do not disclose any information learned about your clients, their business, financial or personal affairs or motivations. This duty survives property
closing and lasts forever
.
When a Florida real estate licensee moves out of the state the licensee is required to?
What is required from a licensee when they are moving out of state? A licensee
must update their current addresses with the department within 10 days
, by updating their account on the DBPR page.
