Alaska License LawIntermediateAlaska Exam
Under Alaska law, a licensee who is a party to a transaction they are handling must:
AWithdraw from the transaction immediately
BDisclose their licensed status to the other party in writing before the contract is signedCorrect
CHire a different agent to represent them
DObtain written approval from the Alaska Real Estate Commission, under typical circumstances
Why Disclose their licensed status to the other party in writing before the contract is signed Is Correct
Answer B: Disclose their licensed status to the other party in writing before the contract is signed
When a licensed real estate professional is buying or selling property for themselves, they must disclose their licensed status to the other party. This disclosure allows the other party to understand the licensee's expertise and potential advantages in the negotiation.
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