Alaska License LawIntermediateAlaska Exam
A licensee in Alaska may legally do which of the following without a real estate license?
ANegotiate a lease on behalf of a property owner for a fee
BSell their own personal property without a fee arrangementCorrect
CAct as a property manager for an apartment complex owned by a third party
DSolicit listing agreements in exchange for compensation
Why Sell their own personal property without a fee arrangement Is Correct
Answer B: Sell their own personal property without a fee arrangement
Owners selling their own property are not required to have a real estate license. License requirements apply when acting on behalf of another for compensation.
Key Alaska License Law Terms in This Question
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
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.
State-Specific Concepts
License Law
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