A qualifying broker in Alabama is reviewing a company qualifying broker dies or becomes disabled. Which answer follows Alabama law?
Correct Answer
B) The company license becomes invalid, but another eligible person may apply as temporary qualifying broker within 30 days after the death or disability
AREC guidance and Alabama Code 34-27-32 provide for temporary qualifying broker designation within 30 days after death or disability of the qualifying broker. Source basis: Alabama Code Section 34-27-32 and 34-27-34, Alabama Administrative Code Chapter 790-X-2, and AREC official law pages: qualifying broker supervision, broker/company/branch licensing, place of business, signage, multiple qualifying-broker roles, and temporary qualifying broker after death or disability. Checked 2026-04-30.
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Related Topics & Key Terms
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Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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