Alaska License LawIntermediateAlaska Exam
An Alaska broker discovers that a salesperson in their office has been pocketing client security deposits. The broker's responsibility is to:
AAllow the salesperson to repay the funds before taking action
BReport the conduct to the Alaska Real Estate Commission and take immediate corrective actionCorrect
CQuietly terminate the salesperson without reporting
DWait until the Alaska Real Estate Commission initiates an investigation, under standard practice
Why Report the conduct to the Alaska Real Estate Commission and take immediate corrective action Is Correct
Answer B: Report the conduct to the Alaska Real Estate Commission and take immediate corrective action
A broker has a supervisory duty over licensees in their firm. Discovering misappropriation of client funds requires immediate corrective action and reporting to the Alaska Real Estate Commission to protect clients.
Key Alaska License Law Terms in This Question
People Also Study
Related Alaska Questions
- Alaska requires licensees to provide a written agency disclosure to clients:Alaska License Law
- An Alaska homeowner discovers their drinking water well is contaminated by a neighbor's old heating oil tank. The homeowner's MOST appropriate course of action is to:Environmental
- Under Alaska law, which action by an agent would constitute a breach of the duty of 'full disclosure' to a client?Agency
- An Alaska broker receives a 6% commission on a sale. The broker pays the listing salesperson 50% and the selling salesperson 40% of their respective halves. The sale price is $480,000. How much does the selling salesperson earn?Real Estate Math
- How often must Alaska real estate licensees renew their license?Alaska License Law
- An Alaska real estate salesperson wants to advertise their services independently without mentioning their employing broker. This is:Alaska License Law
- Under Alaska law, trust account funds belonging to clients must be kept:Alaska License Law
- A commercial property sells for $750,000. The total commission is 6%, split 50/50 between the listing and selling broker. The listing broker pays their salesperson 70% of the listing broker's share. What is the listing salesperson's commission?Real Estate Math
Key Terms to Know
Math Concepts
State-Specific Concepts
License Law
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →