Broker Pre License Course Section 1

This course is designed to prepare a real estate licensee for the responsibilities involved in performing the duties of a real estate qualifying broker in Alabama, including; legal aspects of brokerage, business administration of a company, knowledge of important documents, training and supervision of agents, and other significant areas of real estate brokerage and management.
	The Broker Pre License Course (2007) has been designed to be taught in 5 Sections for a total of 60 hours. Each Section link provides specific information on, OBJECTIVES and a DETAILED OUTLINE of the subject matter to be taught.
	SECTION ONE - License Law, Fair Housing, Agency and Non-Agency Course Objectives are to: Identify Alabama license law requirements, disciplinary actions, and other consequences for violations of the law. Demonstrate how to comply with license law. Evaluate the personal responsibilities and liabilities of a Qualifying Broker. Identify the federal and state Fair Housing and ADA laws and their effect on real estate practices. Develop policies and training to assist with compliance of equality in housing. Implement a plan for staff and salesperson training in diversity and Fair Housing issues Identify the duties and responsibilities of agency representation. Differentiate the role of a licensee when acting as an agent and a transaction broker
	I. Alabama License Law (6 hours) A. License requirements 1. Activities which require a license [§34-27-30] 2. Co-brokering [§34-27-3; Rules 790-X-1-.05 and 790-X-3-.13] 3. Requirements for a license [§34-27-32 and §34-27-33(a)(1), (b), (c)(1)] B. Application process and renewal 1. License application a. Salesperson prelicense course [§34-27-32(d)(2) and Rule790-X-1-.06(5)(d)(h)(i)(j)(k) (n), (6)] b. License examination [§34-27-33(a)(1)(3) and Rule 790-X-2-.02] c. Temporary license [§34-27-33(c)(1)(2)(3) and Rule 790-X-2-.03] d. Post license course [§34-27-33(c)(2)(4) and Rule 790-X-1-.06(5)(f)(h)(i)(m)] e. Original license [§34-27-33(c)(2)(4) and Rule 790-X-2-.03(6)] 2. License renewal [§34-27-35] a. Fees [§34-27-35(c)(2), (d)] b. Process [§34-27-35(g), (h), (i)] c. Education [§34-27-35(j)(1)(2)(3) and Rule 790-X-1-.11] C. License Status 1. Transferring a license [§34-27-34(b)(1)-(6) and Rule 790-X-2-.21] 2. Inactive status [§34-27-35(k)] 3. Reactivation of a license [§34-27-34(b)(6); §34-27-35(j)(1); Rule 790-X-1-.11] D. Broker Licenses, Company Licenses and Place of Business 1. Issuance of company and branch office licenses [§34-27-32 (e)(f)(g)(h)(i)] 2. Issuance of broker licenses [§34-27-32 (a)(b)(c) and §34-27-35(c)(1), (e); Rule 790-X-2-.04] 3. Renewal of company, branch, salesperson, and qualifying broker’s licenses 4. Responsibilities of qualifying broker [§34-27-2(a)(12) and §34-27-34(a)(2)(3)] 5. Termination of qualifying broker status [§34-27-34(c)(d)(e)] 6. Serving as qualifying broker for more than one company [§34-27-32(h)(1)(2)(3)] 7. Temporary qualifying broker [§34-27-32(i) and Rule 790-X-2-.06] 8. Associate broker status [§34-27-2(a)(1)] 9. Operating from home [§34-27-2(a)(11) and Rule 790-X-2-.07] E. CE requirements and exemptions [§34-27-35(j)(1)(2); Rules 790-X-1-.11 and 790-X-1-.13] 1. Who must take CE? 2. What courses must be taken? 3. When must CE be completed? 4. How many hours are required? F. Recovery Fund [§34-27-31] 1. Purpose of the fund 2. Payment into and from the fund G. Trust accounts [Rule 790-X-3-.03 and Advisory Trust Account Guidelines] H. Estimated Closing Statements 1. Estimated closing cost 2. Settlement Statements I. Office audits and checklist J. Disciplinary action/fines [§34-27-36] 1. Violations a. Misrepresentation and dishonest dealings [§34-27-36 (a)(1)-(5), (26) and (27)] b. Inducing a party to break a contract [§34-27-36(a)(13)] c. Advertising [§34-27-36(a)(5)(6)(9)(15)] d. Listing agreements [§34-27-36(a)(20)(25) and Rule 790-X-3-.05] e. Failure to give proper disclosure [§34-27-8(c) and §34-27-36(a)(18)(21)] f. Keeping appropriate records [§34-27-36(a)(8c)(31)] g. Rebates [§34-27-36(a)(12)] h. Paying/receiving commissions from unlicensed persons [§34-27-36(a)(11)(14)(17)] i. Bad Checks [§34-27-36(a)(16)] j. Failure to inform Commission of suit/judgment/other disposition [§34-27-31(i)(j) and §34-27-36(a)(23a&b)] k. Lotteries [§34-27-36(a)(24)] l. Handling of documents [§34-27-36(a)(10)(28)(29)(30)] m. Violation of rule or order of Commission [§34-27-36(a)(19)] n. Offers [Rule 790-X-3-.08] 2. Complaints [§34-27-37 and Rule 790-X-3-.10] 3. Hearings and rehearings [§34-27-37 and Rule 790-X-3-.07] 4. Appeals [§34-27-38] II. Fair Housing (3 hours) A. Protected classes and ADA B. Discriminatory practices C. Advertising - HUD advertising guidelines D. Enforcement and penalties for violation E. Developing a company policy F. Teaching diversity and proper handling of difficult questions III. Agency Relationships (3 hours) A. Types of agency 1. General 2. Specific 3. Universal B. Fiduciary responsibility C. Dual agency D. Alabama RECAD law [§34-27-81 through §34-27-88] 1. Types of brokerage services 2. Written disclosure documents 3. Agency disclosure office policy 4. Minimum brokerage services
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	Central Alabama Real Estate Academy was issued a Private School License by the State of Alabama Post Secondary Education license #1220-1 on May 3, 2004, and granted official approval as a real estate school by the Alabama Real Estate Commission, school code #76477 on May 11, 2004. The first course of instruction, 60 - Hour Pre-License Course, began the first part of June 2004 with continuing education courses being taught throughout the summer of 2004.

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