Alaska License LawIntermediateAlaska Exam
When an Alaska licensee represents a client, the broker is responsible for the licensee's actions because of the legal doctrine of:
ARespondeat superiorCorrect
BCaveat emptor
CRes ipsa loquitur, in general
DStare decisis
Why Respondeat superior Is Correct
Answer A: Respondeat superior
Respondeat superior ('let the master answer') makes the broker vicariously liable for the acts of their licensees (agents/employees) performed within the scope of their employment.
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.
AgencyA 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.
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.
State-Specific Concepts
License Law
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