Alaska License LawIntermediateAlaska Exam
In Alaska, for dual agency to be legal, what is required?
AVerbal consent from both parties
BWritten consent from the seller only
CWritten informed consent from both the buyer and the sellerCorrect
DApproval from the Alaska Real Estate Commission, in most cases
Why Written informed consent from both the buyer and the seller Is Correct
Answer C: Written informed consent from both the buyer and the seller
Alaska law requires written informed consent from both the buyer and the seller before a licensee may act as a dual agent. The disclosure must explain the limitations of representation in a dual agency relationship.
Key Alaska License Law Terms in This Question
People Also Study
Related Alaska Questions
- Alaska requires licensees to provide a written agency disclosure to clients:Alaska License Law
- Under Alaska agency law, which type of agency relationship requires written disclosure and consent from both parties?Agency
- When must an Alaska licensee present a written disclosure of agency to a client in a residential transaction?Agency
- In Alaska, which of the following requires a licensee to provide a written agency disclosure to a consumer?Alaska License Law
- Under Alaska agency law, when must a licensee provide the agency disclosure to a potential buyer?Agency
- Under Alaska law, dual agency requires:Agency
- An Alaska real estate licensee's duty of 'timely disclosure' requires them to:Alaska License Law
- Under Alaska license law, dual agency means:Alaska License Law
Key Terms to Know
Agency
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.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Math Concepts
State-Specific Concepts
License Law
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →