When must an Alaska licensee present a written disclosure of agency to a client in a residential transaction?
Why At or before the first substantive service or before entering into any agency agreement Is Correct
Answer B: At or before the first substantive service or before entering into any agency agreement
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related Alaska Questions
- Alaska requires licensees to provide a written agency disclosure to clients:Alaska License Law
- Under Alaska agency law, which type of agency relationship requires written disclosure and consent from both parties?Agency
- A licensee in Alaska who makes a 'net listing' agreement (where the broker keeps everything above a target price) should know that such agreements:Alaska License Law
- In Alaska, which of the following requires a licensee to provide a written agency disclosure to a consumer?Alaska License Law
- Under Alaska agency law, when must a licensee provide the agency disclosure to a potential buyer?Agency
- In Alaska, a 'facilitator' agency disclosure means the licensee:Agency
- Under Alaska law, when must a licensee provide the agency disclosure?Agency
- An Alaska licensee who fails to present a written counteroffer to the seller's broker within a reasonable time may be in violation of their duty of:Alaska License Law
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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.
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →