Agency
A real estate licensee acts as a transaction broker in Alaska. This means the licensee:
ARepresents the seller exclusively
BFacilitates the transaction without representing either party as a fiduciary✓ Correct
CIs prohibited from receiving compensation
DMay not prepare purchase agreements
Explanation
A transaction broker (also called a facilitator in some states) assists both parties without representing either as a fiduciary agent, providing ministerial services to help complete the transaction.
Related Alaska Agency Questions
- An Alaska buyer's agent discovers that the property the buyer wants to purchase is owned by the buyer's agent's parent. The agent must:
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