Alaska License Law
Which of the following is NOT considered a licensee's duty under Alaska's duty of disclosure to customers (non-clients)?
ADisclosing known material defects in the property
BBeing honest in all statements
CPlacing the customer's interests above the client's✓ Correct
DDisclosing the agency relationship
Explanation
An agent owes honesty and disclosure of material facts to all parties (clients and customers), but the duty to place interests above others is owed only to the agent's client. Customers (opposing parties) receive limited duties, not the full fiduciary duty of loyalty.
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Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
State-Specific Concepts
License Law
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