Alaska License LawIntermediateAlaska Exam
A licensee who pays another unlicensed person a referral fee for sending real estate business:
AIs permitted if the referral fee is under $500
BIs permitted if the referral is to a family member
CViolates Alaska license law prohibiting compensation to unlicensed personsCorrect
DIs permitted if it is disclosed in writing to the parties, as a general rule
Why Violates Alaska license law prohibiting compensation to unlicensed persons Is Correct
Answer C: Violates Alaska license law prohibiting compensation to unlicensed persons
Alaska license law prohibits licensed real estate brokers and salespersons from paying compensation, referral fees, or any valuable consideration to unlicensed persons for real estate services. This protects the public by ensuring only qualified licensees are compensated for such activities.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
State-Specific Concepts
License Law
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