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When selling my own property, must I disclose that I am a real estate licensee?

July 13th, 2011 9:31 pm

Alabama Real Estate Commission Rule 790-X-1-.03 (2) provides that any person who elects to become licensed as a broker or salesperson may advertise property of which they are the owner in the same way as any private party. However, such a licensee must abide by all of the other provisions of the license law and Rules of the Commission even in dealing in their own property. Secondly, when RECAD was passed, in one of the provisions of the obligations of licensees, Section 34-27-84 (a)(6) we find that in order to act on behalf of the licensee or his or her immediate family, or on behalf of any other individual organization, or business in which the licensee has a personal interest, you must have given prior timely written disclosure of this interest to all parties in the transaction. (A mere disclosure that you hold a license is not sufficient.)

Site of the Month for July 2011

July 9th, 2011 1:20 am

Real Estate Foreclosure Directory
Site of the Month for July 2011 is about Foreclosure Services. Foreclosure Central contains useful links to foreclosures such as real estate, builder, contractor, house for sale, international property, government foreclosures, auctions, bank owned, foreclosure consultants, foreclosure service providers, sell home for cash, software and companies by states