Alaska State Real Estate Exam questions
with verified correct answers latest
update 2025
A seller is required by statute to give a buyer a property Condition
disclosure report and all the following transactions except --- correct
answer ---For the sale of a commercial property
A broker has answered into a listing agreement with the seller. A
cooperating broker, who has been working with a buyer, learns to the
property through the MLS. Typically the cooperating broker would
represent --- correct answer ---The buyers as a licensee
A licensed sales person obtains a listing. Several days later the sales
person meets prospective buyers at the property and tells them I am
at the listing licensing for this property and so I am very familiar with
it under these circumstances the sales person --- correct answer ---
Has failed to properly disclose his or her license E representation
relationship
A broken decides to sweeten an MLS listing for a property by offering
a neutral license the relationship. The brokers action is --- correct
, answer ---Unacceptable because neutral licensee relationships may be
created only by specific agreement of both parties
A real estate sales person decides to sell his own property. The sales
person may not --- correct answer ---Pay a listing commission
All funds received by a broker on behalf of his or her principal must
be deposited in an escrow or trust account within --- correct answer -
--Five days of receiving the offer
Regarding listing agreements in Alaska, which of the following could
result in the suspension or Revocation of a licensee's license to
practice real estate --- correct answer ---No specific termination date
Officers of a corporation must give the person who is employed as a
broker for the corporation the exclusive authority to maintain the real
estate trust accounts, to pay commissions for license activities, to
maintain transaction records in accordance with the statue and to ---
correct answer ---Hire and fire licensees
Every Alaska real estate office is required to --- correct answer ---
Keep transaction records for three years
with verified correct answers latest
update 2025
A seller is required by statute to give a buyer a property Condition
disclosure report and all the following transactions except --- correct
answer ---For the sale of a commercial property
A broker has answered into a listing agreement with the seller. A
cooperating broker, who has been working with a buyer, learns to the
property through the MLS. Typically the cooperating broker would
represent --- correct answer ---The buyers as a licensee
A licensed sales person obtains a listing. Several days later the sales
person meets prospective buyers at the property and tells them I am
at the listing licensing for this property and so I am very familiar with
it under these circumstances the sales person --- correct answer ---
Has failed to properly disclose his or her license E representation
relationship
A broken decides to sweeten an MLS listing for a property by offering
a neutral license the relationship. The brokers action is --- correct
, answer ---Unacceptable because neutral licensee relationships may be
created only by specific agreement of both parties
A real estate sales person decides to sell his own property. The sales
person may not --- correct answer ---Pay a listing commission
All funds received by a broker on behalf of his or her principal must
be deposited in an escrow or trust account within --- correct answer -
--Five days of receiving the offer
Regarding listing agreements in Alaska, which of the following could
result in the suspension or Revocation of a licensee's license to
practice real estate --- correct answer ---No specific termination date
Officers of a corporation must give the person who is employed as a
broker for the corporation the exclusive authority to maintain the real
estate trust accounts, to pay commissions for license activities, to
maintain transaction records in accordance with the statue and to ---
correct answer ---Hire and fire licensees
Every Alaska real estate office is required to --- correct answer ---
Keep transaction records for three years
