Alaska License LawIntermediateAlaska Exam
In Alaska, a 'managing broker' of a real estate brokerage is specifically responsible for:
AOnly marketing activities of the brokerage
BSupervising all licensees affiliated with the brokerage and ensuring compliance with lawCorrect
CProcessing all transaction paperwork
DSetting commission rates for the brokerage, which most practitioners would generally accept
Why Supervising all licensees affiliated with the brokerage and ensuring compliance with law Is Correct
Answer B: Supervising all licensees affiliated with the brokerage and ensuring compliance with law
The managing broker (or designated qualifying broker) is the licensee responsible for the overall operation of the brokerage, including supervising all affiliated licensees, ensuring compliance with Alaska license law, maintaining proper trust accounts, and overseeing all real estate activities conducted through the brokerage.
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