Alaska License Law
Alaska license law requires that a listing agreement include all of the following EXCEPT:
AThe listing price
BThe term of the agreement
CThe commission rate or fee
DA guaranteed minimum sale price✓ Correct
Explanation
A listing agreement must include the listing price, the term, the commission or fee, and the parties' identities. However, a broker cannot guarantee a minimum sale price — that would create liability if the property sells for less. Pricing is always subject to market conditions.
Related Alaska Alaska License Law Questions
- Under Alaska law, the maximum period a real estate license may be placed on 'inactive' status before requiring reactivation or renewal is:
- The primary purpose of Alaska's real estate licensing laws is to:
- An Alaska licensee who knowingly makes a material misrepresentation to a client faces:
- To qualify for an Alaska broker license, an applicant must have at least how many years of active experience as a licensed salesperson?
- When a buyer terminates a purchase agreement without a valid contractual reason and forfeits earnest money, the broker:
- Under Alaska law, trust account funds belonging to clients must be kept:
- A real estate licensee in Alaska who is convicted of a felony involving fraud may face:
- Commingling in Alaska real estate refers to:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →