(a) A licensed broker of another state may act as co-broker with a licensed broker of this state by executing a written agreement specifying each parcel of property covered by the agreement if the state in which the nonresident broker is licensed offers the same privileges to licensees of this state.
(b) Whenever an Alabama broker enters into a co-brokerage agreement with a nonresident broker to perform in Alabama any of the acts described in Section 34-27-30 the Alabama broker shall file within 10 days with the commission a copy of each such written agreement. By signing the agreement, the nonresident broker agrees to abide by Alabama law, and the rules and regulations of the commission; and further agrees that civil actions may be commenced against him or her in any court of competent jurisdiction in any county of this state in which a claim may arise.
Structure Code of Alabama
Title 34 - Professions and Businesses.
Chapter 27 - Real Estate Brokers.
Article 1 - General Provisions.
Section 34-27-1 - Short Title.
Section 34-27-2 - Definitions; Exemptions From Chapter.
Section 34-27-4 - Real Estate Commission Revenue Fund and Real Estate Commission Proportionate Fund.
Section 34-27-5 - County List of Licensees.
Section 34-27-6 - Real Estate Courses and Schools.
Section 34-27-8 - Real Estate Commission - Quorum; Rules and Regulations; Agency Disclosure Clause.
Section 34-27-8.1 - Real Estate Commission - Legislative Findings; Rulemaking Authority.