Alabama Out of State Broker Cooperation- An out-of-state licensee may enter Alabama to work on a transaction provided that the out-of-state licensee enters into cooperative arrangement with Alabama licensee, which requires out-of-state licensee to submit to the jurisdiction of Alabama courts.
- Agreement must be written and filed with real estate commission. |
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Alabama Real Estate ReciprocityAny State* * Must complete a 6-hour course in Alabama real estate law and pass the State Exam. ALSO Must have completed original NON-RECIPROCAL License from the original State WITHIN 120 DAYS of LICENSURE. |
Specific to Alabama Real Estate- Commission has it's own Youtube Channel |
Alabama Reverse ReciprocityThese states specifically mention Alabama in their Reciprocity:
Arkansas, Connecticut, Florida, Louisiana, Oklahoma, Oregon, West Virginia These States recognize any other State licenses but may have additional requirements: Alaska, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennesee, Vermont, Washington Confirmed by Alabama Real Estate Institute |
Alabama Real Estate Links |
Alabama Real Estate Customs
Attorneys and title companies handle closings.
Conveyance is by warranty deed. Mortgages are the customary security instruments.
Alabama uses ALTA policies to insure titles.
Buyers and sellers negotiate who is going to pay the closing costs and usually split them equally.
Property taxes are due and payable annually.
Conveyance is by warranty deed. Mortgages are the customary security instruments.
Alabama uses ALTA policies to insure titles.
Buyers and sellers negotiate who is going to pay the closing costs and usually split them equally.
Property taxes are due and payable annually.
