60 Mandatory hours. This course provides 60 hours of instruction in basic principles of real estate required of all applicants for a salesperson license in Alabama.
The course prepares learners for the Alabama licensing exam and provides the practical business knowledge and foundation necessary to be a successful real estate salesperson in Alabama.
Topics include:
Agency relationships and contracts
Real property ownership and interests
Finance
Real property descriptions, valuation, and conveyance
Marketing regulations
Property management
Real estate calculations
Purpose of license law
Licensing requirements
License status
Broker and company licenses and place of business
Recovery Fund
Disciplinary actions and process
Estimated closing statement
Trust funds
RECAD
Violations leading to possible disciplinary actions