Ala. Admin. Code r. 790-X-2-.25

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

Section 790-X-2-.25 - Condominium Sales And Leasing Office

(1) When a real estate company maintains an on-site office in a condominium building or complex, 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) Licensed persons shall be present to show property for sale or rent and to engage in all other activities requiring a real estate license; and

(b) Unlicensed persons may be in the office, and may engage in clerical functions including taking reservations, as long as licensed persons are present to consummate the rental agreements; and

(c) The activities of all licensed and unlicensed persons in the office shall be confined to the business of that one condominium building or complex.

Ala. Admin. Code r. 790-X-2-.25

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.