Alaska License LawIntermediateAlaska Exam
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 lapseCorrect
CChanges their business address without notifying clients
DAdvertises on social media without broker approval
Why Allows their errors and omissions insurance to lapse Is Correct
Answer B: Allows their errors and omissions insurance to lapse
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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