Alaska License LawAdvancedAlaska Exam

The Alaska Real Estate Commission has authority to do all of the following EXCEPT:

ASuspend or revoke a real estate license

BImpose civil fines on licensees

CApprove pre-license education providers

DSet commission rates charged by brokersCorrect

Why Set commission rates charged by brokers Is Correct

Answer D: Set commission rates charged by brokers

The Alaska Real Estate Commission may discipline licensees, approve education providers, and promulgate regulations. However, it cannot set or mandate commission rates.

Key Alaska License Law Terms in This Question

Lien

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

People Also Study

Key Terms to Know

Lien

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

Math Concepts

Commission Calculation

State-Specific Concepts

Pre-License Education

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