An Alaska real estate agent mistakenly tells a buyer that the property has no history of flooding when it does. The agent faces liability for:
Why Negligent misrepresentation, as the agent had a duty to know material facts Is Correct
Answer B: Negligent misrepresentation, as the agent had a duty to know material facts
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
- An Alaska licensee who knowingly makes a material misrepresentation to a client faces:Alaska License Law
- The duty of 'reasonable care and diligence' in Alaska agency law requires an agent to:Agency
- An Alaska homeowner selling their home without using a real estate agent who makes discriminatory statements in their advertising is:Fair Housing
- In Alaska, if a real estate firm represents both the buyer and seller in the same transaction without designating separate agents, this is considered:Agency
- An Alaska real estate agent who acts beyond the scope of their authorized duties without the principal's consent may create liability for:Agency
- A listing agent in Alaska discovers the seller is trying to conceal a history of flooding from buyers. The agent should:Agency
- Under Alaska landlord-tenant law, a landlord who fails to return a security deposit without explanation within the required timeframe may be liable for:Contracts
- A real estate agent in Alaska tells a buyer that a particular neighborhood is 'not the right fit' for their family without any factual basis. This statement may constitute:Fair Housing
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.
AgencyA 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.
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 →