Alaska License Law
Under Alaska law, a real estate licensee's license is automatically suspended if the licensee:
AFails to close two transactions in a calendar year
BAllows their errors and omissions insurance to lapse✓ Correct
CChanges their business address without notifying clients
DAdvertises on social media without broker approval
Explanation
Alaska requires active real estate licensees to maintain errors and omissions (E&O) insurance. If coverage lapses, the license is automatically suspended until proof of current coverage is submitted to the Commission.
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