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34-27-101
Section 34-27-101 Violations; damages. (a) No licensed real estate broker shall be required
to pay a referral fee or commission when reasonable cause for payment does not exist. (b)
No third party shall knowingly interfere with the real estate brokerage relationship of a
real estate licensee. (c) Any person aggrieved by a violation of any provision of this article
may bring a civil action in any court of competent jurisdiction. The damages recoverable in
such an action shall be actual damages and, in addition, the court may award an amount up
to three times the amount of actual damages sustained as a result of any violation of this
article, plus reasonable attorney fees and expenses. (Act 2000-210, p. 277, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-101.htm - 1K - Match Info - Similar pages
34-27-31
Section 34-27-31 Recovery Fund created; fees paid to fund; injured party's recovery from fund;
procedures, appeals, etc.; licensee to report any legal action taken against him or her. (a)
The commission shall establish and maintain a Recovery Fund from which an aggrieved party
may recover actual or compensatory damages, not including interest and court costs, sustained
only within the State of Alabama as a result of conduct of a broker or salesperson in violation
of Article 1 or 2 of this chapter or the rules and regulations of the commission. (b) Notwithstanding
any other provision to the contrary, payments from the Recovery Fund are subject to the following
conditions and limitations: (1) The fund shall not be obligated for the acts or omissions
of a broker or salesperson while acting on his or her own behalf or on behalf of his or her
child, spouse, or parent regarding property in which he or she or his or her spouse, child,
or parent has, or is attempting to acquire, an interest;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-31.htm - 10K - Match Info - Similar pages
34-27-69
Section 34-27-69 Surety bond; suspension, etc., of license for violation of article; reinstatement;
relicensure; board must be notified of initiation, etc., of legal action. (a) Every applicant
for a license under this article, either original or renewal, shall furnish a surety bond
payable to the State of Alabama in the amount of $5,000 if a time-sharing salesman or $10,000
if a broker, with a surety company authorized to do business in Alabama, which bond shall
provide that the obligor therein will pay up to $5,000 or $10,000, respectively, the aggregate
sum of all judgments which may be recovered against such licensee for actual loss or damage
arising from his or her activities conducted under this article. Said bond shall be filed
with the Alabama Real Estate Commission prior to the issuance of such license. A new bond
or a renewal or continuation of the original bond shall be required for each licensing period.
If a continuous bond is filed with the commission prior to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-69.htm - 4K - Match Info - Similar pages
13A-8-199
Section 13A-8-199 Civil action for violation of chapter. (a) In addition to any other remedies
provided by law, a victim who has suffered loss as a result of a criminal violation of this
article may bring an action in his or her county of residence or any county in which any part
of the crime took place, regardless of whether the defendant who committed the criminal violation
was ever actually present in that county, against the defendant to recover the following:
(1) Five thousand dollars ($5,000) for each incident, or three times the actual damages, whichever
is greater. (2) Reasonable attorney's fees and court costs. (b) The statute of limitations
for cases under this section shall be seven years from the earlier of the date of discovery
of the offense or the date when the offense reasonably should have been discovered. (Act 2001-312,
p. 399, §10; Act 2006-148, p. 218, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/13A-8-199.htm - 1K - Match Info - Similar pages
8-6-19
Section 8-6-19 Civil liabilities of sellers, agents, etc.; remedies of purchasers. (a) Any
person who: (1) Sells or offers to sell a security in violation of any provision of this article
or of any rule or order imposed under this article or of any condition imposed under this
article, or (2) Sells or offers to sell a security by means of any untrue statement of a material
fact or any omission to state a material fact necessary in order to make the statements made,
in the light of the circumstances under which they are made, not misleading, the buyer not
knowing of the untruth or omission, and who does not sustain the burden of proof that he did
not know and in the exercise of reasonable care could not have known of the untruth or omission,
is liable to the person buying the security from him who may bring an action to recover the
consideration paid for the security, together with interest at six percent per year from the
date of payment, court costs and reasonable attorneys' fees,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-19.htm - 8K - Match Info - Similar pages
34-27-36
Section 34-27-36 Disciplinary action - Generally. (a) The commission or its staff may on its
own, or on the verified complaint in writing of any person, investigate the actions and records
of a licensee. The commission may issue subpoenas and compel the testimony of witnesses and
the production of records and documents during an investigation. If probable cause is found,
a formal complaint shall be filed and the commission shall hold a hearing on the formal complaint.
The commission shall revoke or suspend the license or impose a fine of not less than one hundred
dollars ($100) nor more than two thousand five hundred dollars ($2,500), or both, or reprimand
the licensee in each instance in which the licensee is found guilty of any of the following
acts set out in this section. The commission may revoke or suspend a license until such time
as the licensee has completed an approved continuing education course and/or made restitution
to accounts containing funds to be held for other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-36.htm - 12K - Match Info - Similar pages
34-27-66
Section 34-27-66 Examination and license requirements; issuance and renewal of license; inactive
status; change of address. (a) Any person desiring to act as a seller of vacation time-sharing
plans shall file with the commission a written application upon such form as the commission
shall designate and shall pass to the satisfaction of the commission the examination hereinafter
prescribed. (b) Prerequisites for taking the vacation time-sharing sales examination are as
follows: (1) Evidence satisfactory to the commission that the applicant bears a good reputation
for honesty and truthfulness. (2) The applicant should not have been convicted of any criminal
offense involving moral turpitude or of any felony in this or any other state. (3) The applicant
shall be at least 19 years of age. (4) The applicant shall be a citizen of the United States
or, if not a citizen of the United States, a person who is legally present in the United States
with appropriate documentation from the federal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-66.htm - 8K - Match Info - Similar pages
27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
37-14-9
Section 37-14-9 Action for injunction or damages for violation of article authorized; procedure.
(a) If an electric supplier commences construction of facilities in violation of the provisions
of this article, any aggrieved electric supplier which is designated herein as the entity
to provide such service (the "aggrieved electric supplier") may petition the circuit
court for the judicial circuit in which the facilities are being constructed by the offending
electric supplier for an injunction to prevent the offending electric supplier from completing
the facilities for provision of the retail electric service in question. (b) If an electric
supplier believes that another electric supplier has already rendered or extended electric
service at retail to a premise which was designated to be served by the aggrieved electric
supplier, the aggrieved electric supplier shall give notice in writing to the offending electric
supplier of the potential violation of this article. The offending...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-14-9.htm - 3K - Match Info - Similar pages
45-2-41.07
Section 45-2-41.07 Remedies. If any grantor violates this part, a dealer may bring an action
against the grantor in the Circuit Court of Baldwin County for damages sustained by the dealer
as a consequence of the grantor's violation, together with the actual costs of the action,
including reasonable actual attorneys' fees. The dealer may seek and the court may grant injunctive
relief against unlawful amendment or modification, termination, cancellation, nonrenewal,
or discontinuance of the dealership agreement. (Act 2008-462, p. 897, §8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-2-41.07.htm - 852 bytes - Match Info - Similar pages
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