Alaska's extreme seismic activity means that earthquake risk is a material fact that sellers should disclose when:
Why All of the above Is Correct
Answer D: All of the above
Exam Tip: Environmental
Environmental questions test knowledge of hazards like asbestos, lead-based paint, radon, and mold. Know the disclosure requirements and when a professional inspection is required. CERCLA liability is strict, joint, and several.
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- In Alaska, an agent's responsibility for 'material adverse facts' about a property means the agent must disclose:Agency
- In Alaska, a 'facilitator' agency disclosure means the licensee:Agency
- 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
- Under Alaska law, a 'pocket listing' in which a broker withholds a listing from the MLS to offer it exclusively to the broker's own buyers may raise concerns about:Alaska License Law
- A listing agent in Alaska discovers the seller is trying to conceal a history of flooding from buyers. The agent should:Agency
- Under Alaska's Residential Real Property Transfer Disclosure Act, sellers of residential property with 1-4 units must:Contracts
- A buyer in Alaska purchases a property and later discovers there is an existing lease the seller did not disclose. Under the principle that 'a lease survives sale,' the buyer:Escrow & Title
- In Alaska, a seller's duty to disclose permafrost conditions on a residential property is based on which principle?Environmental
Key Terms to Know
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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