An Alaska listing agent who believes a buyer's offer is too low may:
Why Present the offer to the seller along with the agent's professional opinion Is Correct
Answer B: Present the offer to the seller along with the agent's professional opinion
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
People Also Study
Related Alaska Questions
- Under Alaska law, a listing agent is required to present all offers regardless of:Agency
- An Alaska licensee who fails to present a written counteroffer to the seller's broker within a reasonable time may be in violation of their duty of:Alaska License Law
- In Alaska, a listing agent may be authorized by the seller to accept offers on the seller's behalf under which type of authority?Agency
- An Alaska agent who does not disclose their professional opinion that the buyer is overpaying for a property is:Agency
- 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
- An Alaska seller's agent receives an offer well below the listing price. The agent should:Agency
- A broker in Alaska earned a total commission of $18,000. The listing broker received 55% and paid the selling broker 45%. The selling salesperson received 60% of the selling broker's share. How much did the selling salesperson earn?Real Estate Math
- 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
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →