Alaska Real Estate Exam Two Questions and Answers
with Verified Solutions
Exam Focus: Comprehensive Practice Examination for the Alaska Real Estate License (State
Specific & General Practice Standards)
Total Questions: 70 Unique Questions with Verified Answer Keys and Detailed Solutions
Section 1: Alaska Real Estate Licensing Law & Commission Rules
Question 1
Under Alaska real estate licensing law (AS 08.88), what is the primary purpose and duty of
the Alaska Real Estate Commission (AREC)?
A) To represent real estate licensees in disputes with consumers
B) To protect the public interest through the regulation of real estate practice and licensing
C) To set mandatory commission rates and standardized fee schedules statewide
D) To mediate commission splitting disputes between competing brokers
Correct Answer: B) To protect the public interest through the regulation of real
estate practice and licensing
Explanation: The Alaska Real Estate Commission is established under AS 08.88
primarily to safeguard the public welfare by ensuring that real estate licensees meet
standards of competence, integrity, and ethical practice.
Question 2
How many members serve on the Alaska Real Estate Commission, and who appoints them?
A) 5 members appointed by the Real Estate Broker Association
B) 7 members appointed by the Governor of Alaska and confirmed by the Legislature
C) 9 members elected by licensed Alaska real estate brokers
D) 5 members appointed by the Department of Commerce, Community, and Economic
Development
Correct Answer: B) 7 members appointed by the Governor of Alaska and confirmed
by the Legislature
Explanation: Under AS 08.88.011, the Commission consists of seven members
appointed by the Governor and confirmed by the Legislature, including five licensed
brokers/associate brokers and two public members.
,Question 3
What is the maximum single claim payout permitted from the Alaska Real Estate Recovery
Fund for claims against a single licensee?
A) $10,000 per transaction and $30,000 lifetime total per licensee
B) $15,000 per transaction and $50,000 total for all claims against one licensee
C) $25,000 per transaction and $100,000 total for all claims against one licensee
D) $50,000 per transaction and $150,000 total for all claims against one licensee
Correct Answer: B) $15,000 per transaction and $50,000 total for all claims against
one licensee
Explanation: Under Alaska law (AS 08.88.470), recovery from the Real Estate Recovery
Fund is limited to a maximum of $15,000 per transaction and a cumulative maximum of
$50,000 for any single licensee.
Question 4
If the Real Estate Recovery Fund pays an amount in settlement of a claim against an Alaska
licensee, what immediate status effect occurs regarding the licensee's license?
A) The license is placed on probationary status for 12 months
B) The license is automatically suspended and cannot be reinstated until full
reimbursement plus interest is made to the fund
C) The licensee must pay a fine of $1,000 but may continue practicing under broker
supervision
D) The licensee is permanently barred from holding a real estate license in Alaska with no
option for reinstatement
Correct Answer: B) The license is automatically suspended and cannot be
reinstated until full reimbursement plus interest is made to the fund
Explanation: AS 08.88.490 provides that payment from the Recovery Fund automatically
suspends the license. The licensee cannot have their license restored until the fund is
reimbursed in full for the paid amount plus interest.
Question 5
Under Alaska real estate regulations, how many hours of continuing education (CE) are
required for an active real estate licensee during each two-year renewal cycle?
A) 12 hours including 4 hours of designated core topics
, B) 20 hours including 8 hours of designated core topics
C) 24 hours including mandatory core curriculum modules
D) 30 hours with no core topic restrictions
Correct Answer: B) 20 hours including 8 hours of designated core topics
Explanation: Alaska real estate license renewal requires 20 credit hours of continuing
education every two years, which must include at least 8 hours of commission-designated
core topics.
Question 6
An Alaska real estate salesperson wants to change employing brokers. What requirement
must be met before the licensee can engage in real estate activities under the new broker?
A) A 30-day waiting period from the time of written notice to the Commission
B) Written transfer notice signed by the new broker must be submitted to the Commission
along with the transfer fee and license transfer form
C) Completion of a 10-hour post-license conversion course
D) Verbal notification to the Commission within 5 business days
Correct Answer: B) Written transfer notice signed by the new broker must be
submitted to the Commission along with the transfer fee and license transfer form
Explanation: Under Alaska regulations (12 AAC 64.075), a licensee moving to a new
brokerage must file a completed transfer form, pay the required fee, and have the new
employing broker sign the license before active practice under that broker begins.
Question 7
What is the minimum age requirement to obtain an Alaska Real Estate Salesperson license?
A) 18 years old
B) 19 years old
C) 21 years old
D) 25 years old
Correct Answer: B) 19 years old
Explanation: AS 08.88.171 stipulates that an applicant for a real estate salesperson
license in Alaska must be at least 19 years of age.
Question 8
If an Alaska licensee allows their license to lapse, for how long may it remain lapsed before
with Verified Solutions
Exam Focus: Comprehensive Practice Examination for the Alaska Real Estate License (State
Specific & General Practice Standards)
Total Questions: 70 Unique Questions with Verified Answer Keys and Detailed Solutions
Section 1: Alaska Real Estate Licensing Law & Commission Rules
Question 1
Under Alaska real estate licensing law (AS 08.88), what is the primary purpose and duty of
the Alaska Real Estate Commission (AREC)?
A) To represent real estate licensees in disputes with consumers
B) To protect the public interest through the regulation of real estate practice and licensing
C) To set mandatory commission rates and standardized fee schedules statewide
D) To mediate commission splitting disputes between competing brokers
Correct Answer: B) To protect the public interest through the regulation of real
estate practice and licensing
Explanation: The Alaska Real Estate Commission is established under AS 08.88
primarily to safeguard the public welfare by ensuring that real estate licensees meet
standards of competence, integrity, and ethical practice.
Question 2
How many members serve on the Alaska Real Estate Commission, and who appoints them?
A) 5 members appointed by the Real Estate Broker Association
B) 7 members appointed by the Governor of Alaska and confirmed by the Legislature
C) 9 members elected by licensed Alaska real estate brokers
D) 5 members appointed by the Department of Commerce, Community, and Economic
Development
Correct Answer: B) 7 members appointed by the Governor of Alaska and confirmed
by the Legislature
Explanation: Under AS 08.88.011, the Commission consists of seven members
appointed by the Governor and confirmed by the Legislature, including five licensed
brokers/associate brokers and two public members.
,Question 3
What is the maximum single claim payout permitted from the Alaska Real Estate Recovery
Fund for claims against a single licensee?
A) $10,000 per transaction and $30,000 lifetime total per licensee
B) $15,000 per transaction and $50,000 total for all claims against one licensee
C) $25,000 per transaction and $100,000 total for all claims against one licensee
D) $50,000 per transaction and $150,000 total for all claims against one licensee
Correct Answer: B) $15,000 per transaction and $50,000 total for all claims against
one licensee
Explanation: Under Alaska law (AS 08.88.470), recovery from the Real Estate Recovery
Fund is limited to a maximum of $15,000 per transaction and a cumulative maximum of
$50,000 for any single licensee.
Question 4
If the Real Estate Recovery Fund pays an amount in settlement of a claim against an Alaska
licensee, what immediate status effect occurs regarding the licensee's license?
A) The license is placed on probationary status for 12 months
B) The license is automatically suspended and cannot be reinstated until full
reimbursement plus interest is made to the fund
C) The licensee must pay a fine of $1,000 but may continue practicing under broker
supervision
D) The licensee is permanently barred from holding a real estate license in Alaska with no
option for reinstatement
Correct Answer: B) The license is automatically suspended and cannot be
reinstated until full reimbursement plus interest is made to the fund
Explanation: AS 08.88.490 provides that payment from the Recovery Fund automatically
suspends the license. The licensee cannot have their license restored until the fund is
reimbursed in full for the paid amount plus interest.
Question 5
Under Alaska real estate regulations, how many hours of continuing education (CE) are
required for an active real estate licensee during each two-year renewal cycle?
A) 12 hours including 4 hours of designated core topics
, B) 20 hours including 8 hours of designated core topics
C) 24 hours including mandatory core curriculum modules
D) 30 hours with no core topic restrictions
Correct Answer: B) 20 hours including 8 hours of designated core topics
Explanation: Alaska real estate license renewal requires 20 credit hours of continuing
education every two years, which must include at least 8 hours of commission-designated
core topics.
Question 6
An Alaska real estate salesperson wants to change employing brokers. What requirement
must be met before the licensee can engage in real estate activities under the new broker?
A) A 30-day waiting period from the time of written notice to the Commission
B) Written transfer notice signed by the new broker must be submitted to the Commission
along with the transfer fee and license transfer form
C) Completion of a 10-hour post-license conversion course
D) Verbal notification to the Commission within 5 business days
Correct Answer: B) Written transfer notice signed by the new broker must be
submitted to the Commission along with the transfer fee and license transfer form
Explanation: Under Alaska regulations (12 AAC 64.075), a licensee moving to a new
brokerage must file a completed transfer form, pay the required fee, and have the new
employing broker sign the license before active practice under that broker begins.
Question 7
What is the minimum age requirement to obtain an Alaska Real Estate Salesperson license?
A) 18 years old
B) 19 years old
C) 21 years old
D) 25 years old
Correct Answer: B) 19 years old
Explanation: AS 08.88.171 stipulates that an applicant for a real estate salesperson
license in Alaska must be at least 19 years of age.
Question 8
If an Alaska licensee allows their license to lapse, for how long may it remain lapsed before
