Alaska License LawIntermediateAlaska Exam
Under Alaska statutes, which of the following activities does NOT require a real estate license?
ACollecting rents on behalf of another for compensation
BNegotiating a purchase agreement for a friend for a fee, which most practitioners would generally accept
CAn attorney acting in the course of their legal representation of a client in a real estate transactionCorrect
DSelling another person's property for a commission
Why An attorney acting in the course of their legal representation of a client in a real estate transaction Is Correct
Answer C: An attorney acting in the course of their legal representation of a client in a real estate transaction
Attorneys acting in the course of their legal representation are typically exempt from real estate licensing requirements in Alaska. Licensed attorneys advising clients on real estate transactions as part of their legal practice are not required to also hold a real estate license.
Key Alaska License Law Terms in This Question
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Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Math Concepts
State-Specific Concepts
License Law
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