CHAPTER 9: REAL ESTATE AGENCY AND BROKERAGE SURFING THE WEB Go to http://www.arec.state.al.us/, and read the FAQ: 1. According to Alabama’s law, does an inactive license need to be renewed? 2. What must someone licensed in another state do to be able to sell in Alabama? See next page for answers Larsen • REAL ESTATE PRINCIPLES AND PRACTICES SURFING THE WEB • CHAPTER 9 2 Answers 1. According to Alabama’s law, does an inactive license need to be renewed? You must renew your license every two years just like anyone else. Far too many people think that since the Commission is "warehousing" their license they don’t have to do anything. They fail to notify the Commission of their new residence addresses and let their license lapse. Later they decide to get back into real estate and think they can "reactivate" but they have no license to activate. 2. What must someone licensed in another state do to be able to sell in Alabama? Section 34-27-3 indicates that you may co-broke with an Alabama licensee by executing a written co-broker agreement with an Alabama broker on each piece of property. This agreement is filed with the Alabama Real Estate Commission. By signing such an agreement you agree to abide by Alabama law and you agree that civil actions may be commended against you in Alabama if the need should arise. Alternately, you may choose to obtain an Alabama real estate license by reciprocity if you are going to frequently deal in real property situated in Alabama Larsen • REAL ESTATE PRINCIPLES AND PRACTICES SURFING THE WEB • CHAPTER 9 3 Answers 1. What are the four key things the State Water Resources research Institute Program does? Plans, facilitates, and conducts research to aid in the resolution of State and regional water problems; promotes technology transfer and the dissemination and application of research results; provides for the training of scientists and engineers through their participation in research; and provides for competitive grants to be awarded under the Water Resources Research Act. 2. What do the National Institutes for Water Resources and the USGS work together to establish? Total programmatic direction, reporting on the activities of the Institutes, coordinating and facilitating regional research and information and technology transfer, and operating the NIWR-USGS Student Internship Program. 3. What does the Water Resources Research Act of 1984 allow a water-resources research institute in each state and territory to do? “Plan, conduct, or otherwise arrange for competent research that fosters (A) the entry of new research scientists into the water resources fields, (B) the training and education of future water scientists, engineers, and technicians, (C) the preliminary exploration of new ideas that address water problems or expand understanding of water and water related phenomena, and (D) the dissemination of research results to water managers and the public,” and "cooperate closely with other colleges and universities in the State that have demonstrated capabilities for research, information dissemination, and graduate training in order to develop a statewide program designed to resolve State and regional water and related land problems." 4. What is each institute also directed to do? Each institute is also directed to "cooperate closely with other institutes and other organizations in the region to increase the effectiveness of the institutes and for the purpose of promoting regional coordination." 5. What did President Bush request the U.S. Department of Agriculture do in 2002? He requested that the U.S. Department of Agriculture recommend ways to help reduce greenhouse gases and to increase carbon storage through targeted incentives for landowners. 6. What did the President commit to doing in the next decade? President Bush in February 2002 committed to reducing America’s greenhouse gas intensity – the ratio of emissions to economic output – by 18 percent during the next decade. 7. What will the USDA do to reduce greenhouse gases and store carbon? Department actions to reduce greenhouse gases and store carbon will include financial incentives, technical assistance, demonstrations, pilot programs, education and capacity building, along with measurements to assess the success of these efforts. Larsen • REAL ESTATE PRINCIPLES AND PRACTICES
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