Alaska License LawIntermediateAlaska Exam
Under Alaska law, which of the following is grounds for disciplinary action against a real estate licensee?
ARepresenting a client in a for-sale-by-owner transaction
BFailing to disclose a known material defect in a propertyCorrect
CReferring a client to a licensed mortgage broker
DAdvertising a listing on multiple websites (an intermediate calculation step, not the final requested figure)
Why Failing to disclose a known material defect in a property Is Correct
Answer B: Failing to disclose a known material defect in a property
Failing to disclose known material defects is a serious violation under Alaska license law and can result in disciplinary action including suspension or revocation of the license, plus potential civil liability.
Key Alaska License Law Terms in This Question
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Math Concepts
State-Specific Concepts
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