SB331 Summary

• Revises the Alabama Real Estate Commission's appointment process to simplify nominations and requires the commission to consist of 9 members (8 licensed brokers/salespersons with 10+ years experience and 1 consumer member).

• Authorizes the commission to provide live virtual online education courses for prelicense, postlicense, and continuing education with same certification requirements as in-person courses.

• Prohibits the commission from engaging in political activity, hiring lobbyists, or using public resources for political speech or activity.

• Requires the commission to publish the names of financial institutions holding commission funds on its website and establish internal controls to prevent commissioner conflicts of interest with those institutions.

• Makes technical updates to licensure qualifications, allows licenses with faulty payment submissions to be declared inactive until full payment is made, and repeals outdated provisions regarding county lists of licensees.