Alaska License Law
Which of the following is a valid basis for the Alaska Real Estate Commission to discipline a licensee?
ACharging a commission rate below the market average
BFailing to complete continuing education within the renewal period✓ Correct
CRepresenting only buyers and not sellers
DWorking part-time rather than full-time
Explanation
Failing to complete the required continuing education hours within the renewal period is a valid basis for disciplinary action or license non-renewal by the Alaska Real Estate Commission. The Commission enforces education requirements as part of its consumer protection mission.
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Key Terms to Know
Option Contract
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Math Concepts
State-Specific Concepts
Continuing Education
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