Alabama Chapter 27 — REAL ESTATE BROKERS.
Article 1 General Provisions.
- Section 34-27-1 — Short title.
- Section 34-27-2 — Definitions; exemptions from chapter.
- Section 34-27-3 — Nonresident may not act except in cooperation with licensed broker of state; written co-brokerage agreement to be filed.
- Section 34-27-4 — Real Estate Commission Revenue Fund and Real Estate Commission Proportionate Fund.
- Section 34-27-5 — County list of licensees.
- Section 34-27-6 — Real estate courses.
- Section 34-27-7 — Real Estate Commission - Created; composition; qualifications of members; appointment; terms; compensation; organization; executive director and assistant executive director generally; seal; records; immunity from suit.
- Section 34-27-8 — Real Estate Commission - Quorum; rules and regulations; agency disclosure clause.
- Section 34-27-10 — Chapter cumulative.
- Section 34-27-11 — Penalties.
Article 2 Licenses.
- Section 34-27-30 — Required.
- Section 34-27-31 — Recovery Fund created; fees paid to fund; injured party's recovery from fund; procedures, appeals, etc.; licensee to report any legal action taken against him.
- Section 34-27-32 — Requirements for license; application; termination; fee.
- Section 34-27-33 — Written examination; conditions for licensure; issuance of licenses.
- Section 34-27-34 — Who may serve as qualifying broker; responsibility of qualifying broker; change of broker; termination of qualifying broker's status.
- Section 34-27-35 — License certificates generally.
- Section 34-27-35.1 — Errors and omissions insurance.
- Section 34-27-36 — Disciplinary action - Generally.
- Section 34-27-37 — Disciplinary action - Procedure in action.
- Section 34-27-38 — Disciplinary action - Appeals.
Article 3 Vacation Time-sharing Plans.
- Section 34-27-50 — Definitions.
- Section 34-27-51 — Acts constituting violation of article - Sell, etc.; without license; failure to provide certain documents at time of registration; failure to follow rules of advertising.
- Section 34-27-52 — Acts constituting violation of article - Failure to keep certain items among business records.
- Section 34-27-53 — Acts constituting violation of article - Failure to utilize, etc., fully completed copy of contract.
- Section 34-27-54 — Acts constituting violation of article - Failure, etc., to honor buyer's request to cancel contract.
- Section 34-27-55 — Acts constituting violation of article - Failure to refund all payments; failure to place all funds in escrow account.
- Section 34-27-56 — Acts constituting violation of article - Misrepresentation.
- Section 34-27-57 — Acts constituting violation of article - Sell, etc., interest in plan to third person that substantially affects rights of other owners.
- Section 34-27-58 — Acts constituting violation of article - Failure to place 50 percent of cash, etc., received in escrow; failure to provide liability insurance, etc.
- Section 34-27-59 — Acts constituting violation of article - Failure to disclose total financial obligation, etc., in contract.
- Section 34-27-60 — Acts constituting violation of article - Misrepresentation; waiver of rights of purchasers; sale, etc., without license; bad checks.
- Section 34-27-61 — Hearing; refusal, suspension or revocation of license; willful violation defined; escrow deficiency.
- Section 34-27-62 — Enforcement and implementation of article; acts constituting misdemeanors; voidability of sales of unregistered plans, etc.
- Section 34-27-63 — Filing of plan relating to units not substantially completed requires filing of additional documents.
- Section 34-27-64 — Registration fees; assessment of costs of investigating violation of article.
- Section 34-27-65 — Proceeds from sale, etc., of lease plan exempt from Transient Occupancy Tax.
- Section 34-27-66 — Examination required; application; qualifications; fee; forfeiture; license generally; issuance and renewal of license; notice of change of address.
- Section 34-27-67 — Registration required of every plan offered for sale.
- Section 34-27-68 — Commission may seek injunctive relief, etc., for violation of article; investigation; revocation of registration.
- Section 34-27-69 — Surety bond; suspension, etc., of license for violation of article; reinstatement; relicensure; board must be notified of initiation, etc., of legal action.
Article 4 Real Estate Consumer's Agency and Disclosure Act.
- Section 34-27-80 — (Effective October 1, 1996) Short title.
- Section 34-27-81 — Definitions.
- Section 34-27-82 — Roles and duties of licensees; written disclosure documents; exceptions; brokerage agreements.
- Section 34-27-83 — Agency disclosure office policy.
- Section 34-27-84 — Obligations of licensees.
- Section 34-27-85 — Services licensees required to provide.
- Section 34-27-86 — Misrepresentation or false information given by licensee.
- Section 34-27-87 — Duties supersede duties based on common law.
- Section 34-27-88 — Violations.