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A person acting under a power of attorney, and without compensation, is exempt from the licensing requirements. The answer is salespersons, brokers, and real estate firms.
(3) Payment from the fund shall not exceed in the aggregate twenty-five thousand dollars ($25,000) for any one licensee within a single calendar year, and in no event shall it exceed in the aggregate seventy-five thousand dollars ($75,000) for any one licensee.
Only after you have received a state license can you act as a real estate salesperson or agent. If you don't have a license and attempt to buy or sell real estate as an agent, you have committed the crime of practicing real estate without a license.
Alabama law clearly states in Rule 790-X-3-. 13 that all licensees are required to provide the Real Estate Brokerage Services Disclosure form to the consumer as soon as reasonably possible for his or her signature.
(4) Under RECAD a qualifying broker may choose to offer the following services to the public: single agency, subagency, limited consensual dual agency, and transaction brokerage. Under RECAD a qualifying broker is not limited to offering only one of these services and is not required to offer all of these services.
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Meet Alabama real estate license requirements as outlined on the Alabama Real Estate Commission website: Be a U.S. citizen, permanent resident alien or legally present in the U.S. Be at least 19 years old. Show proof of bona fide residency in any state in the U.S.
Sub-Agency - An unusual, yet legal arrangement in Alabama where an agent represents another broker's customer in the sale. A subagent does not represent the buyer and seller, just one client.
Which of the following entities created the consumer information booklet? The Alabama Real Estate Commission.
Rule 790-X-3-.13. The Real Estate Consumers Agency and Disclosure Act (RECAD) requires the Alabama Real Estate Commission to write a Real Estate Brokerage Services Disclosure form which describes the alternative types of brokerage services available to consumers in Alabama transactions.
The consumer member shall meet all of the following requirements, that he or she: (1) Is 21 years of age or older. (2) Has been a resident and citizen of this state for at least 10 years prior to appointment. (3) Is a registered voter in this state.

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