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University of Alabama College of Commerce and Business Administration, Finance (Real Estate) Students

,  Requirements to Sit for the Alabama Real Estate License Exam

 1.                (UA students only):  Instead of the 60 hour salesperson pre-license course, you must take and earn a C average or better in Principles of Real Estate (FI 331 or FI 534) AND one  of the following courses:

2.                Disclaimer:  Principles of Real Estate as currently taught is not a license exam prep course. It is a course designed to prepare C&BA students for more advanced real estate and/or finance courses, and for important life decisions they will need to make related to real estate.  The license exam tests materials not  covered thoroughly in FI331. You are strongly encouraged to take an exam prep cram course such as the one offered by Avery & Associates in Birmingham ( www.ayarealestateschool.com )  There are, in addition, many online test prep courses.  One example is http://www.licensetutor.com/stateinfo/alabama.asp?gclid=COj5sOSxuZcCFQXGsgod8zOnSQ, which also builds a study schedule for you based on when you want to take the license exam. I  know nothing about that company except what appears on their website. For more choices, I recommend searching on the following terms:  alabama real estate license exam test prep online course

3.                A good test prep book is by Joyce Bea Sterling, Guide to Passing the AMP Real Estate Exam (Dearborn). The book is prepared for a national audience. It does not include any study materials for the Alabama License Law. You must obtain a copy of the Alabama License Law Handbook from the Alabama Center for Real Estate (127 Bidgood ) and study it. The cost is currently $10.

4.                Additional info regarding requirements may be found at www.goamp.com . Applied Management Professionals (AMP) prepares and administers the license exam.

5.                When you complete your two courses, contact Andrea Drinkard  in 200 Alston (348-8983; adrinkard@cba.ua.edu) for your salesperson pre-license Certificate of Completion.

6.                The Certificate of Completion is good for one year from completion of your second course, NOT one year from the date you obtain the Certificate. This means, you MUST take the real estate license exam within one year of completing your 2^nd  university real estate course.

7.                The Certificate of Completion entitles you to sign up for the Real Estate License Exam.  There are other requirements to sit for the exam:

a.       US citizen or lawful permanent resident

b.      At least 19 years old

c.       Show proof of bona fide residency in any state in the US (This means a driver’s license, deed for your home (not your parent’s home), car tag receipt or voter registration card.)

d.      Show proof of high school graduation or GED (This means your diploma, your GED certificate, or an official  copy of your high school or college transcript)

e.       Not have been convicted of a felony or a crime involving moral turpitude.  If an applicant has such a conviction, he/she may file an “Application for Determination of Licensing Eligibility” form with the Real Estate Commission prior to completing any other licensing requirements. The Commission will review the applicant’s conviction(s) and determine if he/she is eligible to obtain an Alabama real estate license.

f.       Not have had a real estate application or license rejected or revoked in any state within the past two years.

 8.                You take the computer-based exam at an AMP Assessment Center. Visit www.goAMP.com  for a listing of locations and to schedule a time to take the exam.  You may also call 800-345-6559 to schedule a time.

 9.                For full requirements, obtain a Candidate Handbook from the Alabama Real Estate Research and Education Center in 127 Bidgood .  The Candidate Handbook may also be accessed on AMP’s Web site.

 10.             When you pass the exam, you will receive a score report and an application for a temporary license. You must submit that application to the Alabama Real Estate Commission within 90 days of passing the exam. 

11.             Within ninety (90) days after passing the exam, you must secure a qualifying broker who will hold your active license and apply for the temporary license.  (Except as provided in #13) At that point, you will be issued a temporary license.  You will be able to do anything that requires a real estate license, but only on a temporary basis.

 12.             After passing the exam, you must complete 30 hours of post license education.  University courses do not qualify for the post license education.

 13.             If you choose not to obtain a broker, you can have your license classified as “inactive” and “held” at the Real Estate Commission.  Even though it is “inactive,” you still have to complete the 30 hours of post license education discussed below.  If you don’t meet the time limits for completing the 30 hours, your license will lapse, just the same as someone who has an active temporary license and a qualifying broker. (see item 18 below)

14.             When you obtain your active temporary license, you have 6 months from the first day of the following month to complete your 30 hours of required post license education. If your license is inactive, you will have 12 months to complete the post license course.

15.             If you do not complete the 30 hours within 6 months, the Real Estate Commission will automatically place your temporary license on inactive status.  You will have another 6 months to complete your 30 hours of post license education, but you can’t practice real estate in the meantime.

 16.             When you complete your 30 hours of post license education (and you have a qualifying broker), must submit to the Real Estate Commission your Application for Real Estate Salesperson’s Original License

a.       This application must be distributed to students by the post license instructor when the post license course is completed.

b.      This application is available on the Commission’s Web site at www.arec.alabama.gov  in the Education  section under Forms and Applications.

c.             You will then be issued your “original/permanent license.”

 18.             If you do not complete the 30-hours of post license education within one year of the first day of the month following issuance of the temporary license, then the temporary license lapses and can’t be revived. You have to start all over, from the beginning, with the pre-license education, and then testing, etc.

 Important deadlines:

One year from the date on the Certificate of Completion (which is dated for the last day of your 2^nd real estate course) to take the license exam.

90 days from passing the license exam to either obtain a Qualifying Broker and an active Temporary License, or to go on inactive status with the Real Estate Commission.  (Inactive status can be activated at any time in the future.)

6 months from issuance of your Temporary License to complete post license education and obtain an Original License. Failure results in your license being automatically converted to “inactive” status. You cannot practice real estate while you have an inactive license.

If you are on “inactive status,” you have one year from the first day of the month following issuance of the temporary license, to complete your 30 hours of post license education.

Fees (as of September 2008)

Exam Fee $71 (each time you take the exam)

Temporary License Fee $150 (one-time)

Recovery Fund Fee $30 (one-time)

Education Fee $30 (one-time)

Criminal Record Check $25 (one-time)

Original License Fee $170 (every even numbered year)

Education Fee $5 (every even numbered year)

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