Alaska License Law
An Alaska broker who accepts a listing on a property that the broker knows is involved in a fraudulent scheme is:
AProtected since the broker is just a neutral agent
BPotentially liable as a knowing participant in the fraud✓ Correct
CRequired only to disclose the issue to the Commission
DProtected if the fraud occurred before the listing was taken
Explanation
A broker who knowingly participates in or assists with a fraudulent transaction may be held civilly and criminally liable along with the primary wrongdoers. 'I was just the broker' is not a defense if the broker had knowledge of the fraud.
Related Alaska Alaska License Law Questions
- A property management company in Alaska that collects rents and manages properties for owners must hold a:
- A broker's Alaska real estate license has lapsed for 6 months. The broker now wants to resume practice. What must the broker do?
- Alaska's real estate licensing law applies to activities involving:
- An Alaska broker must keep transaction records for a minimum of:
- A salesperson in Alaska receives a complaint from a client. The salesperson should first:
- Under Alaska's real estate licensing statutes, a person who operates a real estate business without a license is subject to:
- Which of the following individuals is EXEMPT from Alaska real estate licensing requirements?
- Having completed this comprehensive Alaska real estate exam preparation, a successful candidate should know that the Alaska Real Estate Commission's website (commerce.alaska.gov/web/cbpl/ProfessionalLicensing/RealEstate.aspx) provides which key resource?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →