Alaska License LawIntermediateAlaska Exam
Under Alaska law, when a licensed broker dies, the brokerage's real estate activities must:
AContinue under the supervision of the senior salesperson, under the applicable standard
BCease immediately until a new qualifying broker takes over or the brokerage terminatesCorrect
CContinue for 90 days without a broker
DBe transferred to the state for administration
Why Cease immediately until a new qualifying broker takes over or the brokerage terminates Is Correct
Answer B: Cease immediately until a new qualifying broker takes over or the brokerage terminates
When the qualifying broker of an Alaska brokerage dies, the brokerage typically cannot continue to engage in real estate activities requiring a licensed broker without having a new qualifying broker in place. Transitional periods may be available to allow orderly winding down or transfer of management.
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