SALESPERSON
To become eligible to obtain a
SALESPERSON license in Alabama, and applicant who does not hold a current real estate
license in another state must: |
1. Be a U.S.
citizen or lawful permanent resident;
2. Be at least 19 years old;
3. Show proof of bona fide residency in any state in the U.S.;
4. Show proof of high school graduation or GED;
5. Not have been convicted of a felony or a crime involving moral turpitude;
6. Not have had a real estate application or license rejected or revoked in any
state
within the past two years.
7. After meeting the education and/or experience requirements, pass the licensing
examination.
Additionally, a SALESPERSON applicant must:
Prior to taking the
state exam, successfully complete an approved 60 clock hour
prelicense course. (Salesperson applicants
who started the prelicense course prior to
October 1, 2004 have 24 months to pass the state exam after completing
this course. Applicants who started the course after October 1, 2004
have 12 months to pass the state exam after completing the course. If
these deadlines are not met, the course must be retaken.)
AND
Must complete a 30 hour post license training course within the first twelve months of
licensure in order to be issued an original (permanent) license. Further, the course must
be completed and original license issued within the first six months in order to maintain
an active license. |
BROKER
To become eligible to obtain a BROKER
license in Alabama, and applicant who does not hold a current real estate license in
another state must: |
1. Be a U.S.
citizen or lawful permanent resident;
2. Be at least 19 years old;
3. Show proof of bona fide residency in any state in the U.S.;
4. Show proof of high school graduation or GED;
5. Not have been convicted of a felony or a crime involving moral turpitude;
6. Not have had a real estate application or license rejected or revoked in any
state
within the past two years.
7. After meeting the education and/or experience requirements, pass the licensing
examination.
Additionally, a BROKER applicant must:
Successfully complete an approved 60 clock hour prelicense course. AND
Must have held an active real estate salesperson license in any state for at least 24
months of the 36 month period immediately preceding the date of application. |
COMPANY
Any sole
proprietorship, corporation, partnership, branch office, or lawfully
constituted business organization as the Legislature may provide from
time to time, which is licensed as a company under Articles 1 and 2 of
this chapter |
An applicant for a
company or broker license shall maintain a place of business.
If the applicant for a
company or broker license maintains more than one place of business in
the state, he or she shall have a company license for each separate
location or branch office.
A company license shall
become invalid on the death or disability of a qualifying broker.
Within 30 days after the death or disability, the corporation, or the
remaining partners of the successor partnership, if any, may designate
another of the officers, members, or salespersons to apply for a license
as temporary qualifying broker.
The original fee for
each company license shall be $85 per year for each year or portion of a
year remaining in the respective license period, and the renewal fee for
each license shall be $85 dollars per year for each year of the license
period.
Every license shall
expire at midnight on September 30 of the final year of each license
period. This applies to company licenses as well as salesperson and
broker licenses. |
