AK Real Estate Study Questions and Answers

Routine Audit of brokers trust account has to notify broker how many hours prior? 72 hours Broker has to be ___ or older 21 years Maximum security deposit is ? Twice the rent Courtsey has what kind of power? life estate Dower has what kind of power? fee simple Anyone who acts as a real property securities dealer has to be? Licensed real estate broker How long after passing your exam do you have to choose a company to work for? 6 months What is an unlicensed person subject to if caught acting as a real estate agent? Civil $5,000 plus any additional expenses When do real estate licenses expire in AK? January 31st even year to renew a license what do you have to do? Submit a application to renew, pay any fees necessary, and take 20 hours of continuing educational courses in 2 year a person who was licensed in a prospective other state can transfer license by taking the exam by the process called? reciprocaty A buyer broker contract in AK must be in writing to be enforceable When does a seller not have to give a property disclosure form? When selling a commercial property when do the property condition disclosures have to be given to the buyer? before the buyer makes a written offer Within how many years of showing a property do you not have to disclose any suicides or murders? 1 year