Agency
Under Alaska law, an agent who represents a buyer in a new construction purchase must disclose their agency status to:
AOnly the builder's sales representative
BThe builder (or builder's agent) at first substantive contact✓ Correct
CThe state licensing board within 10 days
DNo disclosure is required for new construction
Explanation
Alaska requires agency disclosure at the first substantive contact with any party. A buyer's agent must disclose their representation to the builder or builder's sales agent at the outset of negotiating new construction purchases.
People Also Study
Related Alaska Questions
- Alaska requires licensees to provide a written agency disclosure to clients:Alaska License Law
- Under Alaska agency law, which type of agency relationship requires written disclosure and consent from both parties?Agency
- Alaska law requires that agency disclosure be made:Agency
- In Alaska, which of the following requires a licensee to provide a written agency disclosure to a consumer?Alaska License Law
- Under Alaska agency law, when must a licensee provide the agency disclosure to a potential buyer?Agency
- Under Alaska law, dual agency requires:Agency
- In Alaska, the Statute of Frauds requires real estate purchase agreements to be in writing because:Contracts
- In Alaska, an option to purchase real estate requires:Contracts
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →