AREC Monthly Update – Huntsville Meeting
April 25, 2023
The Alabama Real Estate Commission traveled to Huntsville last week for its April 2023 meeting. Commissioners heard reports from staff and conducted hearings for those accused of license law violations and for various requests that require a hearing. Continue reading for a brief summary of the meeting.
License Applications Continue – Over 5000 More Licenses Than 2 Years Ago
One item of note is that licenses issued during March increased from the prior month. Last month, the commission received nearly 11.5 new license applications a day, compared to 9.6 per day in February and 11.04 per day in March 2022.
Last month, 42,618 total licenses had been issued, compared to 38,809 in March 2022, just over 38,419 in March 2021, and 35,000 in October 2020 (the last date the official minutes provide a total). Currently, over 12,000 of the licenses are on inactive status.
License Law Book
Commissioners deliberated upon the topic of transitioning from physical copies of License Law Books to digital versions. Currently, the laws enforced by AREC over real estate licensees can be found on AREC’s website here but are also available via paper copy, which AREC plans to cease printing.
Commissioners held hearings on typical matters, including complaints for bad checks or rejected electronic payments and for a late payment, as well as requests for extensions, applications for a salesperson’s temporary license, applications for a determination of licensing eligibility, and applications for a salesperson’s reciprocal license.
The Commission returns to Montgomery for their next meeting to be held on May 25th, followed by the June Meeting which will take place on June 22nd also in Montgomery.