Alaska Real Estate Practice Exam
(Free Questions & Answers)
The Alaska real estate exam is administered by the Division of Corporations, Business, and Professional Licensing and covers unique land ownership issues that don't exist in the lower 48. A significant portion of Alaska land is federally owned or managed as Native lands under ANCSA, and questions on these restrictions appear on the state exam. Alaska's disclosure requirements — including permafrost conditions, floodplain designations, and access limitations for remote properties — are also heavily tested.
Administered by: Alaska Real Estate Commission · 150 questions · Passing score: 70%
Start Free Practice Exam →No credit card · No signup · Instant access
Alaska Exam Study Resources
Everything you need to pass — in one place.
Free Alaska Real Estate Practice Exam Questions
Test your knowledge with these Alaska real estate practice questions. Each question is based on topics from the Alaska Real Estate Commission exam and includes detailed explanations.
Q1. Which state agency is responsible for regulating real estate licensees in Alaska?
Explanation
The Alaska Real Estate Commission (AREC) regulates real estate licensees in Alaska. It operates under the Division of Corporations, Business and Professional Licensing within the Department of Commerce, Community, and Economic Development.
Q2. In Alaska, a seller's agent owes which of the following duties to an unrepresented buyer?
Explanation
A seller's agent owes limited statutory duties to unrepresented buyers, including honesty, fairness, and disclosure of known material facts. The full fiduciary duties of loyalty, confidentiality, and undivided allegiance are owed only to the seller-client.
Q3. For a real estate contract in Alaska to be enforceable, it must be:
Explanation
Under the Statute of Frauds, contracts for the sale of real estate must be in writing and signed by the party to be charged to be enforceable. Oral agreements to sell real estate are generally not enforceable in Alaska.
Q4. Alaska is considered a 'lien theory' state, which means:
Explanation
In a lien theory state like Alaska, the borrower retains legal title to the property, and the mortgage creates a lien on the property as security for the loan. The lender does not hold title; they hold the right to foreclose if the borrower defaults.
Q5. The Alaska Native Claims Settlement Act (ANCSA) of 1971 was significant because it:
Explanation
ANCSA was landmark federal legislation that settled Alaska Native land claims by conveying approximately 44 million acres and nearly $1 billion to Alaska Native regional and village corporations, replacing traditional tribal land claims.
Q6. The appraisal approach most commonly used to value single-family residential properties in Alaska is the:
Explanation
The sales comparison approach is the most commonly used method for valuing single-family residential properties. It compares the subject property to recently sold comparable properties and adjusts for differences. In rural Alaska where sales data may be limited, the cost approach may also be used.
Q7. The federal Fair Housing Act of 1968 (as amended) prohibits discrimination based on which protected classes?
Explanation
The federal Fair Housing Act protects seven classes: race, color, religion, sex, national origin, familial status (families with children under 18), and disability (handicap). Sexual orientation and gender identity are not yet federal protected classes under the FHA, though some states and localities provide those protections.
Q8. A title insurance policy that protects the lender's interest is called a:
Explanation
A lender's (mortgagee's) title insurance policy protects the lender against losses from title defects up to the loan amount. It does not protect the buyer's equity. A separate owner's policy is needed to protect the buyer's full ownership interest.
Q9. A property sells for $350,000. The buyer makes a 20% down payment. What is the loan amount?
Explanation
Down payment = $350,000 × 20% = $70,000. Loan amount = $350,000 − $70,000 = $280,000. A 20% down payment eliminates the need for PMI on a conventional loan.
Q10. A legal nonconforming use in Alaska refers to:
Explanation
A legal nonconforming use (also called a grandfathered use) was lawfully established before current zoning regulations took effect. It may continue but typically cannot be expanded, and if discontinued for a specified period, the right to continue the use may be lost.
Q11. In Alaska, a real estate licensee who lists a property with known underground storage tanks (USTs) on the property should:
Explanation
Underground storage tanks are a known material fact that must be disclosed. Leaking USTs can contaminate soil and groundwater, creating significant environmental liability. Licensees must disclose known environmental hazards affecting property value or use.
1,500+ questions · Timed mock exams · Detailed explanations
Alaska Real Estate Exam — What to Expect
What Is On The Alaska Real Estate Exam?
The Alaska real estate salesperson exam is administered by the Alaska Real Estate Commission and tests both national real estate principles and Alaska-specific laws and regulations. The exam contains 150 multiple-choice questions, and you must score at least 70% to pass.
The national portion covers topics that apply in every state: property ownership, land use controls, valuation and market analysis, financing, agency law, contracts, leasing and property management, transfer of title, fair housing laws, and real estate calculations. The state portion tests knowledge specific to Alaska — including regulations set by the Alaska Real Estate Commission, Alaska agency disclosure requirements, and state-specific contract and closing practices.
Topics covered on the Alaska exam include: Property Ownership, Agency Law, Contracts, Finance, Alaska License Law. Candidates who struggle on the AK exam typically underestimate the state-specific portion — the national content is well-covered by most study materials, but Alaska law questions require targeted preparation.
How Many Questions Are On The Alaska Exam?
The Alaska real estate salesperson exam has 150 multiple-choice questions. The exam is divided into a national section covering general real estate principles and a state section covering Alaska-specific laws administered by the Alaska Real Estate Commission. You have 4 hours to complete the exam.
Alaska Real Estate Exam Passing Score
You need a 70% to pass the Alaska real estate exam. The first-time pass rate in Alaska is approximately 60%, which means preparation is essential — most candidates who fail do so because they focused on national content and underestimated the AK-specific portion. Our Alaska practice exam is built specifically around the Alaska Real Estate Commission exam outline.
Most Difficult Topics On The Alaska Exam
These are the areas where Alaska candidates most commonly lose points.
Alaska's Division of Corporations licensing requirements include specific rules on broker supervision and license renewal that differ from the lower 48. These Alaska-specific rules are tested on the state portion.
A large portion of Alaska is federal land or Alaska Native corporation land under ANCSA. Understanding restrictions on these land types and how they affect property transactions is unique to Alaska and frequently tested.
Alaska requires disclosure of access limitations, permafrost conditions, and utilities availability for remote properties — issues that don't exist in other states and are tested specifically on the Alaska state exam.
Floodplain designations, soil stability concerns, and environmental contamination from prior military use are disclosure topics unique to Alaska real estate transactions and appear on the state exam.
Alaska Real Estate Math
The Alaska real estate exam includes math questions covering commission calculations, loan-to-value (LTV) ratios, property tax prorations, area and volume, and appreciation/depreciation. A common example: if a property sells for $350,000 and the total commission is 6%, split equally between listing and buyer's broker, each side earns $10,500. Proration questions — such as calculating how many days of property taxes a seller owes at closing — are also common. On the AK exam, you will not need a calculator for most math questions, but you do need to understand the formulas. Practice the "T-bar" method for commission splits and the 360-day banker's year for prorations.
How To Get Your Alaska Real Estate License
- 1Complete 40 hours of state-approved pre-license education covering topics required by the Alaska Real Estate Commission.
- 2Submit your application to the Alaska Real Estate Commission and pay the required fees (exam fee: $100).
- 3Pass the Alaska real estate salesperson exam (150 questions, 70% to pass).
- 4Complete a background check and fingerprinting as required by Alaska law.
- 5Find a licensed sponsoring/employing broker to activate your license.
- 6Complete any required post-licensing education within the timeframe set by the Alaska Real Estate Commission.
Best Study Strategy For The Alaska Exam
Start with Alaska license law first. State-specific regulations administered by the Alaska Real Estate Commission make up a significant portion of the AK exam and are not covered in most national study materials.
Master the math early. The Alaska real estate exam includes questions on commission calculations, prorations, loan-to-value ratios, and area calculations. Set aside dedicated math practice sessions — don't leave it until the last week.
Take timed practice exams. The Alaska exam has 150 questions within a 4 hours time limit. Simulate exam conditions to build stamina and identify weak topics before exam day.
Focus heavily on agency law. Agency relationships, disclosure requirements, and fiduciary duties are consistently among the most-tested topics on the AK exam. Understand the difference between seller's agent, buyer's agent, dual agent, and transaction broker in the context of Alaska law.
Review Fair Housing thoroughly. Federal Fair Housing Act protections apply in all states, but Alaska may have additional protected classes. Know both federal and Alaska-specific protections cold — this topic appears on virtually every exam.
Use active recall, not passive reading. Instead of re-reading notes, quiz yourself. Use flashcards or practice questions to test retention. Research shows active recall improves long-term retention significantly compared to passive review.
Alaska Real Estate Exam — Frequently Asked Questions
Ready to practice? Start free.
Join thousands of Alaska students who used our practice exam to pass on their first try.