A listing agent in Alaska discovers that the seller concealed a leaking roof. The agent's duty is to:
Why Disclose the defect to prospective buyers as a known material fact Is Correct
Answer B: Disclose the defect to prospective buyers as a known material fact
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
People Also Study
Related Alaska Questions
- An Alaska seller fails to disclose a material defect in a property. After closing, the buyer discovers the defect and sues. The buyer's cause of action is MOST LIKELY:Contracts
- A listing agent in Alaska has a duty to disclose to the seller all EXCEPT:Agency
- In Alaska, a seller's duty to disclose permafrost conditions on a residential property is based on which principle?Environmental
- An Alaska buyer's agent discovers that the property has an unrecorded easement. The agent's duty is to:Agency
- A listing agent in Alaska discovers the seller is trying to conceal a history of flooding from buyers. The agent should:Agency
- Alaska's extreme seismic activity means that earthquake risk is a material fact that sellers should disclose when:Environmental
- An Alaska listing agent discovers the property has a sinkhole risk due to underground cave formations. The agent should:Agency
- Under Alaska's license law, a licensee who uses misleading before-and-after photos to advertise a property they are listing has violated which duty?Alaska License Law
Key Terms to Know
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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →