Ala. Admin. Code r. 790-X-2-.24

Current through Register Vol. 43, No. 1, October 31, 2024

Section 790-X-2-.24 - Model Home Sales Office

(1) When a real estate company maintains an office at a residential subdivision or development this office shall not be considered a branch office, and shall not be required to have a branch office license, provided all the following conditions shall be met:

(a) The company shall have a listing agreement covering all first-time sales of all the lots in the subdivision or development; and

(b) Sales activities shall be limited to the first-time sales, and no re-sales shall be permitted from this office; and

(c) Only licensed persons shall be present at the office to show property for sale and to engage in the other activities requiring a real estate license; and

(d) No other business activities of the company shall be conducted at this office. The activities of all persons in the office shall be confined to the business of that one subdivision or development.

Ala. Admin. Code r. 790-X-2-.24

New Rule: Filed August 27, 2012; effective October 1, 2012.

Author: Alabama Real Estate Commission

Statutory Authority:Code of Ala. 1975, §§ 34-27-8; 34-27-32.