Loyalty; A Fiduciary Responsibility

Real estate agents from across the country prompted me to write this article. If we step back in time 50-60 years, people

were loyal to each other. They were loyal to the people they did business with. The giving and receiving of loyalty was expected. It was almost like an unwritten law of conduct. In many cases, deals were made with a handshake. No written contract was required. What happened to it?

Then came prosperity

[Read more…]

What Consumer’s Need To Know

Questions Need Answering

This information is specific to what consumer’s need to know when buying or selling real estate in Alabama. Even more specifically, what consumers need to know when working with a real estate broker? Especially since Alabama is a Caveat Emptor state which places total responsibility on the buyer to do their due diligence in inspecting every aspect involved with a property prior to closing on a sale.

For years the seller has known who represents him when selling real estate but who represents the buyer? Who looks out for the buyers best financial interests? Some agents think the liability is too great when representing a buyer, largely due to the Caveat Emptor law; therefore they want to assist the buyer as a transaction broker to limit their liability. That being the case, many times, the poor buyer is left to fend for themselves without being told what they need to do prior to closing so they can protect their legal recourse options. The State of Alabama understands the precarious situation the buyer  is in when buying in Alabama so they provide

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Things A Buyer Should Know About Agency

What Kind Of Relationship Is This

According to Statutory Law of the State of Alabama, A real estate broker is a fiduciary and holds a position of trust and confidence. He cannot put himself in a position antagonistic to his principal’s interest, by fraudulent conduct, acting adversely to his client’s interests, or by failing to communicate information he may possess or acquire which is or may be material to his employer’s advantage, or otherwise.

The most significant word in this statement is “employer.” This is what so many agents don’t seem to understand. It’s so important I constantly hold CE classes teaching Agency. Agency is all about relationships and responsibilities. Agency has multiple connotations but let’s focus on relationships.

Before there can be a relationship between the broker and consumer, [Read more…]

Alabama Real Estate Broker Reciprocal License Course

 

Click here to buy Alabama Real Estate Broker Reciprocal License Course  Important Note: Alabama Broker Reciprocal License Course is second selection!

The Alabama Real Estate Commission requirements for getting reciprocal broker license are listed below in the order they are to be completed:

  • Something that might save time, but is not required, is to complete a Request for Determination of Examination for Reciprocal Licensing, and let the real estate Commission determine your current status. As long as you are licensed and in good standing with the Real Estate Commission in the state where originally licensed by examination, getting reciprocal license in Alabama will not be an issue. Just follow the instructions below.
  • Complete a 6-hours Reciprocal Broker Prelicense course which focuses on Alabama License Law only. This course explains the differences between the laws in your state compared to the laws in Alabama that govern our actions.
  • Upon successfully completing the course I will issue credit for you with the Alabama Real Estate Commission; and with Amplified Measuring Professionals (AMP/PSI-the State selected testing company).
  • Once the credits have been issued and received by the Commission and AMP/PSI, I email the student instructions for setting up the state exam.
  • Students must take and pass the state exam with six months from the date I issue the credits.
  • Upon successfully passing the State Exam (with a score or 70 or better) you can apply to the Alabama Real Estate Commission for Alabama Reciprocal Sales License by completing the form supplied to you with the score report after taking the state exam.

Click here to buy Alabama Real Estate Broker Reciprocal License Course Important Note: Alabama Broker Reciprocal License Course is second selection!

 




Alabama Real Estate Broker Pre-license Course

 

Click here to buy Alabama Real Estate Broker Pre-license Course

The Alabama Real Estate Commission requirements for getting broker’s license are listed below in the order they are to be completed:

  • The first step is to determine if you are qualified. The law requires that you have had an active salesperson license for a minimum of  24 of the previous 36 months.  It is beneficial to complete a Request for Determination of Broker Eligibility and let the real estate Commission notify you of your current status.
  • The next step is to complete a 60-hour Broker Prelicense Course
  • Successfully pass a proctored exam that is given by the school. We do not charge for this exam; however since our proctored exams are usually administered by a public library in your home town, the library may charge a small fee to cover some of their expenses. The most I have seen charged is $35. Most libraries will only charge a fee for the use of copier and fax. The proctored exam is hand written and consist of 100 questions that you must correctly answer 75.
  • Upon passing the proctored exam, I will issue credit for you with the Alabama Real Estate Commission; and with Amplified Measuring Professionals (AMP/PSI-the State selected testing company).
  • Once the credits have been issued and received by the Commission and AMP/PSI, I email the student instructions for setting up the state exam.
  • The state exam must be taken and passed within six months from the date I issue the credits.
  • Upon successfully completing the state exam with a passing score of 70 or better, the student may apply for a broker’s license through the Alabama Real Estate Commission. The student is directed through this process.

Click here to buy Alabama Real Estate Broker Pre-license Course

Alabama Real Estate Institute – School Classroom Course Descriptions

“ARELLO CERTIFIED DISTANT EDUCATION INSTRUCTOR”

Alabama 60-HOUR Real Estate SALES PERSON PRELICENSE COURSE:

Please note that we no longer offer a classroom type setting for any prelicense classes. In 2010 we went to online only prelicense classes due to the passage rate of classroom students compared to online students. The Alabama Real Estate Commission has tracked everyone taking the state exam for several years. The results is astonishing. Online students consistently make about 30% higher score on the state exam over classroom students. Since our goal is to help people pass the state exam and get their real estate license, we have elected to offer online/Internet classes only for all prelicense requirements.

 

Alabama 30-HOUR Real Estate Agent POST LICENSE COURSE:

Please note that we no longer offer a classroom type setting for any prelicense classes. In 2010 we went to online only prelicense classes due to the passage rate of classroom students compared to online students. The Alabama Real Estate Commission has tracked everyone taking the state exam for several years. The results is astonishing. Online students consistently make about 30% higher score on the state exam over classroom students. Since our goal is to help people pass the state exam and get their real estate license, we have elected to offer online/Internet classes only for all prelicense requirements.

Alabama 60-HOUR Real Estate BROKER PRELICENSE COURSE (DAY CLASS):

Please note that we no longer offer a classroom type setting for any prelicense classes. In 2010 we went to online only prelicense classes due to the passage rate of classroom students compared to online students. The Alabama Real Estate Commission has tracked everyone taking the state exam for several years. The results is astonishing. Online students consistently make about 30% higher score on the state exam over classroom students. Since our goal is to help people pass the state exam and get their real estate license, we have elected to offer online/Internet classes only for all prelicense requirements.

Alabama Real Estate CE/Continuing Education:

To see the CE classes that we offer both on campus (classroom) or in various cities across the state of Alabama, visit our home page and scroll down, or refer to the icon on the left of the home page entitled “Continuing Education.” For CE class date and times in various cities, either call me at (251) 979-2530 or click on the “Contact Me” link at the top of the home page and complete the request additional information.

Real Estate SALES TRAINING SESSIONS (DAY CLASS):

We provide training classes on a weekly basis for individual agents and for companies that wish to provide weekly training to their agents. Training classes include step by step instructions that will help build your real estate business, regardless of your current level and will also provide motivational content. Sales training is helpful to all agents that desire to excel in the real estate industry. Class room space is limited to 40 people so register early. If you are interested in participating in these classes, or you’re interested in having training classes held in your personal office, please contact the school for more in depth details.

Real Estate COACHING:

Personal coaching has proven, unconditionally, to be the most important ingredient for success in the real estate industry. When top ranked, history making sports figures such as Michael Jordon, Tiger Woods, and Michael Phelps all have personal coaches; it makes sense that professional Realtors® needs coaching too. Coaching provides instruction with accountability. It keeps you focused on the tasks that must be done to accomplish your personal and financial goals. If you are interested in more information about personal coaching, please contact the school.