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Termination of Qualifying Broker Status in Alabama Real Estate

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Imagine you are burned out as a qualifying real estate broker and want to close your Alabama office and return to sales. What must you do?

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1. When you retire, what should you do with your license if you think you may want to return to real estate in Alabama at a later date?

2. If the Alabama Real Estate Commission revokes your broker's license permanently, how long must you wait to get your broker's license back?

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About This Quiz & Worksheet

This quiz will check what you know about Alabama's regulations on the termination of a qualifying broker status. Key topics you'll need to know to pass the quiz include the transfer of license and termination of a license.

Quiz & Worksheet Goals

In this assessment, you'll be tested on the following:

  • What must a Alabama broker do when they wish to close their office and focus on sales
  • After retirement, what should you do with your license if you believe you may return to real estate someday
  • How long must you wait to get your broker's license back after the Alabama Real Estate Commission revokes it
  • What the agents in your agency are required to do if you terminate your broker license
  • When an agent wishes to join a broker's company, what must the agent do

Skills Practiced

Students will practice the following skills through this quiz/worksheet combo:

  • Knowledge application - use your knowledge to answer questions on getting a broker's license back after revocation
  • Information recall - access the knowledge you've gained regarding what to do with a license after a broker's retirement
  • Reading comprehension - ensure that you draw the most important information from the related lesson on termination of broker status in Alabama

Additional Learning

Continue your studying of Alabama's real estate laws by checking out the lesson entitled Termination of Qualifying Broker Status in Alabama Real Estate. The lesson contains the following objectives:

  • Defining qualified broker and identify their responsibilities
  • Identifying examples of why a broker would terminate their license
  • Learn what actions can get a license revoked by the Alabama Real Estate Commission
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