Alaska License Law
A licensee in Alaska may accept compensation for a real estate transaction from:
AAny party to the transaction who offers payment
BOnly their sponsoring broker✓ Correct
CBoth the buyer and seller with written consent from both
DAny licensed broker in any state
Explanation
Under Alaska law, a salesperson or associate broker may only receive compensation through their sponsoring broker — not directly from clients. The broker then pays the licensee per their employment agreement.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
State-Specific Concepts
License Law
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