Alaska Real Estate Exam Two Questions and Answers
with Verified Solutions
Exam Title: Alaska Real Estate Practice Exam Two (70 Unique Questions)
Format: Multiple Choice (A–D) with Verified Answers & Comprehensive Explanations
Section 1: Alaska Real Estate Commission & Licensing Law
1. How many members serve on the Alaska Real Estate Commission (AREC), and who
appoints them?
A) 5 members, appointed by the Governor and confirmed by the Legislature
B) 7 members, appointed by the Governor and confirmed by the Legislature
C) 7 members, appointed by the Real Estate Broker Association
D) 9 members, elected by Alaska licensed real estate brokers
Correct Answer: B) 7 members, appointed by the Governor and confirmed by the
Legislature
Explanation: Under AS 08.88.011, the Alaska Real Estate Commission consists of 7 members
appointed by the Governor and confirmed by the Legislature in joint session. The board comprises
five licensed real estate brokers or associate brokers (representing various judicial districts) and
two public members.
2. In Alaska, a real estate salesperson license must be renewed every how many
years?
A) Every year
B) Every two years (biennially)
C) Every three years
D) Every four years
Correct Answer: B) Every two years (biennially)
Explanation: Alaska real estate licenses are issued for a two-year licensing period (biennium)
ending on January 31 of even-numbered years. Licensees must complete required continuing
education and pay renewal fees prior to expiration.
3. How many hours of continuing education (CE) are required for an active Alaska real
,estate licensee prior to each biennial renewal?
A) 10 hours
B) 15 hours
C) 20 hours
D) 30 hours
Correct Answer: C) 20 hours
Explanation: Active licensees in Alaska must complete at least 20 hours of approved continuing
education during each two-year licensing cycle. This must include designated core topic hours set
by the Commission.
4. What is the maximum statutory payout per transaction from the Alaska Real Estate
Recovery Fund for claims against a single licensee?
A) $10,000
B) $15,000
C) $25,000
D) $50,000
Correct Answer: C) $25,000
Explanation: Under Alaska Statute 08.88.470, the maximum recovery amount payable from the
Real Estate Recovery Fund for claims arising out of a single transaction is $25,000, regardless of
the number of claimants.
5. What is the cumulative lifetime maximum payout from the Real Estate Recovery
Fund for all claims against one licensee?
A) $25,000
B) $50,000
C) $75,000
D) $100,000
Correct Answer: B) $50,000
Explanation: Under AS 08.88.470, the maximum aggregate recovery payable from the Real
Estate Recovery Fund based on claims against any single licensee is $50,000.
6. What automatically happens to a licensee’s license if a payout is made on their
behalf from the Real Estate Recovery Fund?
A) The license is placed on probation for 1 year
, B) The license is automatically suspended or revoked
C) The licensee must pay a $1,000 fine within 30 days
D) The license remains active if the broker signs a guaranty
Correct Answer: B) The license is automatically suspended or revoked
Explanation: Upon payout from the Real Estate Recovery Fund, the licensee's license is
automatically terminated/suspended. The licensee cannot obtain reinstatement or a new license
until the fund has been fully reimbursed plus interest.
7. A newly licensed salesperson in Alaska must complete post-licensing education
(PLE) within what timeframe after initial licensure?
A) Within 30 days
B) Within 6 months
C) Within 1 year
D) Within 2 years
Correct Answer: C) Within 1 year
Explanation: Alaska law requires new real estate salespersons to complete 30 hours of post-
licensing education (PLE) within 12 months (1 year) of initial license issuance.
8. An applicant applying for an Alaska Real Estate Broker license must have active
real estate experience for at least how long?
A) 12 consecutive months
B) 24 consecutive months within the last 36 months
C) 36 consecutive months within the last 60 months
D) 5 consecutive years
Correct Answer: C) 36 consecutive months within the last 60 months
Explanation: To qualify for a broker license in Alaska, an applicant must have been actively
licensed as a salesperson or associate broker for at least 36 consecutive months within the 60
calendar months preceding application.
9. Who holds original jurisdiction over discipline and license revocation for Alaska
real estate salespersons?
A) The Superior Court of Alaska
B) The Alaska Real Estate Commission
C) The Alaska Association of Realtors
with Verified Solutions
Exam Title: Alaska Real Estate Practice Exam Two (70 Unique Questions)
Format: Multiple Choice (A–D) with Verified Answers & Comprehensive Explanations
Section 1: Alaska Real Estate Commission & Licensing Law
1. How many members serve on the Alaska Real Estate Commission (AREC), and who
appoints them?
A) 5 members, appointed by the Governor and confirmed by the Legislature
B) 7 members, appointed by the Governor and confirmed by the Legislature
C) 7 members, appointed by the Real Estate Broker Association
D) 9 members, elected by Alaska licensed real estate brokers
Correct Answer: B) 7 members, appointed by the Governor and confirmed by the
Legislature
Explanation: Under AS 08.88.011, the Alaska Real Estate Commission consists of 7 members
appointed by the Governor and confirmed by the Legislature in joint session. The board comprises
five licensed real estate brokers or associate brokers (representing various judicial districts) and
two public members.
2. In Alaska, a real estate salesperson license must be renewed every how many
years?
A) Every year
B) Every two years (biennially)
C) Every three years
D) Every four years
Correct Answer: B) Every two years (biennially)
Explanation: Alaska real estate licenses are issued for a two-year licensing period (biennium)
ending on January 31 of even-numbered years. Licensees must complete required continuing
education and pay renewal fees prior to expiration.
3. How many hours of continuing education (CE) are required for an active Alaska real
,estate licensee prior to each biennial renewal?
A) 10 hours
B) 15 hours
C) 20 hours
D) 30 hours
Correct Answer: C) 20 hours
Explanation: Active licensees in Alaska must complete at least 20 hours of approved continuing
education during each two-year licensing cycle. This must include designated core topic hours set
by the Commission.
4. What is the maximum statutory payout per transaction from the Alaska Real Estate
Recovery Fund for claims against a single licensee?
A) $10,000
B) $15,000
C) $25,000
D) $50,000
Correct Answer: C) $25,000
Explanation: Under Alaska Statute 08.88.470, the maximum recovery amount payable from the
Real Estate Recovery Fund for claims arising out of a single transaction is $25,000, regardless of
the number of claimants.
5. What is the cumulative lifetime maximum payout from the Real Estate Recovery
Fund for all claims against one licensee?
A) $25,000
B) $50,000
C) $75,000
D) $100,000
Correct Answer: B) $50,000
Explanation: Under AS 08.88.470, the maximum aggregate recovery payable from the Real
Estate Recovery Fund based on claims against any single licensee is $50,000.
6. What automatically happens to a licensee’s license if a payout is made on their
behalf from the Real Estate Recovery Fund?
A) The license is placed on probation for 1 year
, B) The license is automatically suspended or revoked
C) The licensee must pay a $1,000 fine within 30 days
D) The license remains active if the broker signs a guaranty
Correct Answer: B) The license is automatically suspended or revoked
Explanation: Upon payout from the Real Estate Recovery Fund, the licensee's license is
automatically terminated/suspended. The licensee cannot obtain reinstatement or a new license
until the fund has been fully reimbursed plus interest.
7. A newly licensed salesperson in Alaska must complete post-licensing education
(PLE) within what timeframe after initial licensure?
A) Within 30 days
B) Within 6 months
C) Within 1 year
D) Within 2 years
Correct Answer: C) Within 1 year
Explanation: Alaska law requires new real estate salespersons to complete 30 hours of post-
licensing education (PLE) within 12 months (1 year) of initial license issuance.
8. An applicant applying for an Alaska Real Estate Broker license must have active
real estate experience for at least how long?
A) 12 consecutive months
B) 24 consecutive months within the last 36 months
C) 36 consecutive months within the last 60 months
D) 5 consecutive years
Correct Answer: C) 36 consecutive months within the last 60 months
Explanation: To qualify for a broker license in Alaska, an applicant must have been actively
licensed as a salesperson or associate broker for at least 36 consecutive months within the 60
calendar months preceding application.
9. Who holds original jurisdiction over discipline and license revocation for Alaska
real estate salespersons?
A) The Superior Court of Alaska
B) The Alaska Real Estate Commission
C) The Alaska Association of Realtors
