Alaska License Law
An Alaska licensee who knowingly participates in a fraudulent real estate transaction may face:
AOnly a small fine payable to the Commission
BLicense revocation, civil liability, and potentially criminal prosecution✓ Correct
CA mandatory continuing education requirement
DOnly a public censure with no further penalty
Explanation
Participating in fraudulent real estate transactions is among the most serious violations a licensee can commit. Consequences may include license revocation or suspension, civil lawsuits by harmed parties, and criminal prosecution for fraud — potentially including federal wire fraud or bank fraud charges.
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Key Terms to Know
Math Concepts
State-Specific Concepts
Continuing Education
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