Alaska License LawIntermediateAlaska Exam
Under Alaska license law, dual agency means:
AA broker who represents buyers in two separate transactions simultaneously
BA broker who represents both the seller and buyer in the same transactionCorrect
CA salesperson who works under two different brokers
DA firm that has offices in two different states
Why A broker who represents both the seller and buyer in the same transaction Is Correct
Answer B: A broker who represents both the seller and buyer in the same transaction
Dual agency occurs when a single broker (or brokerage firm) represents both the seller and the buyer in the same transaction. In Alaska, dual agency is permitted only with written informed consent from both parties.
Key Alaska License Law Terms in This Question
People Also Study
Related Alaska Questions
- Under Alaska agency law, which type of agency relationship requires written disclosure and consent from both parties?Agency
- In Alaska, if a real estate firm represents both the buyer and seller in the same transaction without designating separate agents, this is considered:Agency
- In Alaska, for dual agency to be legal, what is required?Alaska License Law
- Alaska requires licensees to provide a written agency disclosure to clients:Alaska License Law
- Under Alaska law, dual agency requires:Agency
- The duty of 'loyalty' in an Alaska agency relationship means the agent must:Agency
- In Alaska, which of the following requires a licensee to provide a written agency disclosure to a consumer?Alaska License Law
- An Alaska licensee who assists a buyer in a real estate transaction where the buyer also has a family member who is a licensee at the same brokerage must:Alaska License Law
Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
State-Specific Concepts
License Law
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →