Alaska License LawIntermediateAlaska Exam
In Alaska, which person is NOT required to hold a real estate license to receive compensation for real estate activities?
AA buyer's representative negotiating a purchase on behalf of an investor
BA property manager listing and leasing commercial space for third parties
CAn owner selling their own property without assistanceCorrect
DAn individual showing homes for a broker and answering buyer questions
Why An owner selling their own property without assistance Is Correct
Answer C: An owner selling their own property without assistance
An owner selling their own property is a well-recognized exemption from real estate licensing requirements. License laws are designed to regulate those acting on behalf of others for compensation.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
State-Specific Concepts
License Law
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