Alaska License LawIntermediateAlaska Exam
A licensee in Alaska may accept compensation for a real estate transaction from:
AAny party to the transaction who offers payment
BOnly their sponsoring brokerCorrect
CBoth the buyer and seller with written consent from both
DAny licensed broker in any state
Why Only their sponsoring broker Is Correct
Answer B: Only their sponsoring broker
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.
Key Alaska License Law Terms in This Question
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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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