Alaska License Law
In Alaska, a newly licensed salesperson who specializes in residential property is approached by a client who wants help buying commercial investment property. The salesperson should:
AAccept the assignment since their license covers all real estate types
BDisclose their lack of commercial experience, either obtain the competence needed or refer the client to a qualified commercial specialist✓ Correct
CTake the commercial listing and figure it out along the way
DCharge a higher fee to compensate for the additional research required
Explanation
USPAP-equivalent competency rules and professional ethics require agents to be competent for their assignments. A residential agent lacking commercial experience should disclose this limitation and either gain competence (through education and/or mentorship) or refer the client to a qualified commercial real estate professional.
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