A company is defined by the Alabama Real Estate Commission as any sole proprietorship, corporation, partnership, branch office, or lawfully constituted business organization as the Legislature
may provide from time to time, which is licensed as a company under Articles 1 and 2 of this chapter.
An applicant for a company or broker license shall maintain a place of business. If the applicant for a company maintains more than one place of business in the state, they shall have a company license for each separate location or branch office.
A company license shall become invalid on the death or disability of a qualifying broker. Within 30 days after the death or disability, the corporation, or the remaining partners of the successor
partnership, if any, may designate another of the officers, members, or salespersons to apply for a
license as temporary qualifying broker.
The original fee for each company license shall be $85 per year for each year or portion of a year
remaining in the respective license period, and the renewal fee for each license shall be $85 dollars per year for each year of the license period.
Every license shall expire at midnight on September 30 of the final year of each license period. This applies to company licenses as well as salesperson and broker licenses.
Pre License Course – $299-$329
State License Test – $75 (each time)
Temp. Licensing Fees – $245 Total
$150 License Fee, $25 Criminal Records Search, $30 Research/Education, $30 Recovery Fund Fee,
$10 Fingerprints
Association & ValleyMLS.com– $900 one time application fee (HAAR, AAR and ValleyMLS.com)
$568 paid annually to HAAR, AAR and NAR in January
$150/Quarterly for ValleyMLS.com service
Note: If you join a company that is a member or HAAR and ValleyMLS.com then you will have to pay dues.
If joining HAAR as your primary association, you would be joining AAR and NAR as well.
Lockboxes – $125 each
Electronic Keys (to open lockboxes) – approx $20/mo
Post Licensing Classes – $169
Additional things to consider: Business cards, advertising, insurance, etc. There are not many businesses that you can start for that amount of money!
*Please note these costs are an estimate and are based off of the HAAR School of Real Estate and the State of Alabama.