Alaska License Law
A licensee in Alaska who makes a 'net listing' agreement (where the broker keeps everything above a target price) should know that such agreements:
AAre the most common form of listing in Alaska
BAre discouraged or highly discouraged in Alaska because they create conflicts of interest between the broker's and seller's interests✓ Correct
CAre only permitted for commercial properties
DAre a standard practice and not regulated
Explanation
Net listings are discouraged or strongly discouraged in most states, including Alaska, because they create an inherent conflict of interest — the broker benefits from a lower sale price (seller's minimum) rather than the highest possible price. This conflicts with the broker's fiduciary duty to the seller.
Related Alaska Alaska License Law Questions
- Which of the following is a valid basis for the Alaska Real Estate Commission to discipline a licensee?
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- Under Alaska law, which of the following is grounds for disciplinary action against a real estate licensee?
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