Alaska Exam Study Guide Questions
with Actual Answers.
1. The Alaska real estate commission.
A) makes and enforces the regulations by which all real estate licensees must abide.
B) must compose examination questions on the real estate exam.
C) May administer the exams given at the testing sites.
D) Enacts the laws govern real estate licenses. - Answer A) Makes and enforces regulations by
which all real estate licensees must abide.
2). The Alaska real estate commission may undertake an investigation of a licensee based on all
the following ground except
A) It's own initiative.
B) A random selection of licenses.
C) a Motion from the members of the commission.
D) A written complaint submitted by a disgruntled customer. - Answer B) A random selection
of licenses.
3) A routine audit of a brokers trust account must be conducted between 8 AM and 5 PM
Monday through Friday and the investigator/auditor must give the broker at least
A) One hours prior notice
B) 24 hours prior notice
C) 48 hours prior notice
D) 72 hours prior notice - Answer D) 72 hours prior notice
4. If the Alaska real estate commission directs the investigator to conduct an unannounced trust
account audit, a broker may request a 24 hour delay
A) to assemble the records to be audited
B) to reconcile the most recent bank statement.
C) to meet schedule obligations, but the records to be audited must be sealed by the
investigator and unavailable to the broker during that time.
D) but any delay must be authorized by the real estate commission. - Answer C) to meet
schedule obligations, but the records to be audited must be sealed by the investigator and
unavailable to the broker during that time.
5) in Alaska, who are the following would need to be a licensed real estate broker or sales
person?
, A) person who employs fewer than three apartment licensees.
B) licensed attorney acting under a power of attorney to convey real estate.
C) resident apartment manager working for an owner if the managers primary residence is the
apartment building being managed.
D) partnership selling a building owned by the partners. - Answer A) person who employs
fewer than three apartment licensees.
6. Which of the following requires a real estate license in Alaska?
A) resident manager who collects rent on behalf of building owner.
B) Company that for a fee (not a commission) matches individuals from different parts of the
country who want to exchange properties and then assist them in doing so.
C) attorney-in-fact who is a nephew of the property owner.
D) executor selling a decedents building. - Answer B) Company that for a fee (not
commission) matches individuals from different parts of the country who want to exchange
properties and then assist them in doing so.
7) under Alaska Leather, any person who acts as a real property securities dealer must
A) be licensed as a real estate broker.
B) have his or her securities license endorsed by the Alaska real estate commission.
C) be approved by the SEC.
D) there are no special license to requirements for real property securities dealers. - Answer
A) be licensed as a real estate broker.
8) Which of the following does not require a real estate license?
A) Managing a homeowners' association
B) Reselling a mobile home under a court order
C) Selling real estate
d) collecting rent for the use of real estate - Answer B) Reselling a mobile under a court order.
9) If engaged in real estate activities, which of the following are exempt from the real estate
licensing requirement?
A) attorney at law
B) appraisers
C) associations, partnerships and corporations.
D) real property securities dealer. - Answer A) attorney-at-law
with Actual Answers.
1. The Alaska real estate commission.
A) makes and enforces the regulations by which all real estate licensees must abide.
B) must compose examination questions on the real estate exam.
C) May administer the exams given at the testing sites.
D) Enacts the laws govern real estate licenses. - Answer A) Makes and enforces regulations by
which all real estate licensees must abide.
2). The Alaska real estate commission may undertake an investigation of a licensee based on all
the following ground except
A) It's own initiative.
B) A random selection of licenses.
C) a Motion from the members of the commission.
D) A written complaint submitted by a disgruntled customer. - Answer B) A random selection
of licenses.
3) A routine audit of a brokers trust account must be conducted between 8 AM and 5 PM
Monday through Friday and the investigator/auditor must give the broker at least
A) One hours prior notice
B) 24 hours prior notice
C) 48 hours prior notice
D) 72 hours prior notice - Answer D) 72 hours prior notice
4. If the Alaska real estate commission directs the investigator to conduct an unannounced trust
account audit, a broker may request a 24 hour delay
A) to assemble the records to be audited
B) to reconcile the most recent bank statement.
C) to meet schedule obligations, but the records to be audited must be sealed by the
investigator and unavailable to the broker during that time.
D) but any delay must be authorized by the real estate commission. - Answer C) to meet
schedule obligations, but the records to be audited must be sealed by the investigator and
unavailable to the broker during that time.
5) in Alaska, who are the following would need to be a licensed real estate broker or sales
person?
, A) person who employs fewer than three apartment licensees.
B) licensed attorney acting under a power of attorney to convey real estate.
C) resident apartment manager working for an owner if the managers primary residence is the
apartment building being managed.
D) partnership selling a building owned by the partners. - Answer A) person who employs
fewer than three apartment licensees.
6. Which of the following requires a real estate license in Alaska?
A) resident manager who collects rent on behalf of building owner.
B) Company that for a fee (not a commission) matches individuals from different parts of the
country who want to exchange properties and then assist them in doing so.
C) attorney-in-fact who is a nephew of the property owner.
D) executor selling a decedents building. - Answer B) Company that for a fee (not
commission) matches individuals from different parts of the country who want to exchange
properties and then assist them in doing so.
7) under Alaska Leather, any person who acts as a real property securities dealer must
A) be licensed as a real estate broker.
B) have his or her securities license endorsed by the Alaska real estate commission.
C) be approved by the SEC.
D) there are no special license to requirements for real property securities dealers. - Answer
A) be licensed as a real estate broker.
8) Which of the following does not require a real estate license?
A) Managing a homeowners' association
B) Reselling a mobile home under a court order
C) Selling real estate
d) collecting rent for the use of real estate - Answer B) Reselling a mobile under a court order.
9) If engaged in real estate activities, which of the following are exempt from the real estate
licensing requirement?
A) attorney at law
B) appraisers
C) associations, partnerships and corporations.
D) real property securities dealer. - Answer A) attorney-at-law
