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2009 Alabama Code
Title 34 — PROFESSIONS AND BUSINESSES.
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 and schools.
- 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 34-27-30.1 License requirement or tax on certain real estate companies prohibited.
- Section 34-27-30.2 Fees prohibited on signs advertising real property for sale by realtors; restrictions on signs.
- 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; place of business; branch offices; multiple brokers; fees.
- Section 34-27-33 Examinations; temporary and original salesperson licenses; post license course requirements.
- 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 and license requirements; issuance and renewal of license; inactive status; 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.
- Article 5 Interference with a Real Estate Relationship.
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