ALASKA REAL ESTATE EVALUATION EXAM 2025/2026
QUESTIONS WITH ANSWERS RATED A+
✔✔Which of the following persons MUST have an active real estate license in order to
transact business ? - ✔✔Person who negotiates the sales of entire businesses ,
including their stock equipment and buildings , for a promised fee Resident
✔✔An applicant for a real estate salesperson's license in Alaska MUST - ✔✔Not be
under indictment for a felony or on parole for the conviction of a felony
✔✔An unlicensed individual who engages in activities for which a real estate license is
REQUIRED , is subject to which of the following penalties ? - ✔✔Civil penalty of $ 5000
in addition to other penalties provided by law
✔✔When does a real estate salesperson's licenses expire in Alaska ? - ✔✔January
31st of every even numbered year
✔✔To renew a license in Alaska , a salesperson or broker MUST submit an application
to renew , pay the appropriate fees , and - ✔✔education in the two years prior to
renewal
✔✔A licensee who allows his / her license to lapse may not practice , however , if all
other conditions are met , the license may be reinstated without monetary penalty up to
- ✔✔2 years
✔✔In Alaska , an unlicensed real estate . assistance may perform all of the following
activities EXCEPT - ✔✔Explain simple contract documents to prospective buyers
✔✔Regarding the licensing and duties of unlicensed personal , real estate assistants in
Alaska , may - ✔✔Insert factual information into form contracts under the licensed
employer's supervision and approval
✔✔A broker's unlicensed assistant worked late one night and weekends to help ensure
the successful closing of a difficult transaction . The assistant's extra work included
making several phone calls to the prospective buyers and encouraging them to accept
the seller's counteroffer . Largely because of the assistant's efforts , the sale went
through with no problem . Now the broker wants to pay the assistant a percentage of
the commission , " because the assistant has really earned it . " Under Alaska law , the
broker may - ✔✔Not pay a commission to the assistant under the facts presented here .
They are both in violation of rules regarding unlicensed assistants
✔✔A person who has been licensed in another state with substantively the same
licensing requirements may obtain an equivalent Alaska license by passing the state
portion of the exam and providing both a license history from the other state ( s ) and
,proof of equivalent pre - licensing education with the initial license application . This is
referred to as - ✔✔Reciprocity
✔✔All of the following statements regarding the Alaska Real Estate Commission are
true EXCEPT that - ✔✔Members of the commission are selected by the state
association of REALTORS®
✔✔The on - site property manager for Acme Apartments is responsible for negotiating
leases for the apartments . In this position , the on - site manager - ✔✔Is exempt from
the licensing requirement .
✔✔All of the following are EXEMPT from the provisions of the real estate license law
EXCEPT a ( an ) - ✔✔Individual who receives compensation for procuring prospective
buyers or renters of real estate
✔✔An individual wants to sell her own house . Which of the following statements is true
? - ✔✔She does not need a real estate license to sell her house herself
✔✔What is the expiration date of every salesperson's license in Alaska ? - ✔✔January
31st of every even - numbered year
✔✔A person MUST be licensed as a real estate broker or salesperson if that person is -
✔✔Arranging exchanges of real property .
✔✔Mark , a licensed broker , procures a ready , willing and able buyer for his seller
principle . The seller accepts the buyer's offer in writing , then experiences a change of
heart and withdraws the acceptance . In this situation , Mark - ✔✔Is entitled to collect a
commission
✔✔A license has entered into neutral licensee relationship agreements with both a
seller and a buyer . The buyer is interested in making an offer on the seller's property
Can this occur ? - ✔✔Yes , if the buyer and seller both give their written consent to the
neutral licensee relationship and sign the " Waiver of the Right to be Represented "
✔✔A seller's listing agreement has expired and the seller lists with a different brokerage
firm . Paul , the original listing licensee , now has a buyer interested in the seller's
property . Based on this information , Paul - ✔✔Cannot disclose to the buyer offers
received on the seller's property while it was listed with him
✔✔A buyer contacts a real estate office and indicates an interest in purchasing a
nearby home . Without a signature on the AREC Consumer Pamphlet showing the
licensee relationships by the buyer , a salesperson from the real Estate office can do all
of the following EXCEPT - ✔✔Pre - qualify the buyer for a mortgage
, ✔✔A prospective buyer is interested in seeing a house listed with the real estate
company but does not wish to enter into a buyer representation agreement of be placed
in a neutral relationship . A salesperson from the real estate company can show the
buyer an in - house listing if the - ✔✔Salesperson provides the buyer with and receives
the buyer's signature on an AREC Consumer Pamphlet that shows the real estate
company represents the seller
✔✔Buyer - Brokerage contracts in Alaska - ✔✔Must be in writing to be enforced
✔✔All of the following provisions are included in the Alaska Real Estate Commission's
status and regulations regarding listing agreement EXCEPT that a listing agreement
MUST - ✔✔Be accompanied by a qualified expert's report of the properties condition
✔✔In a Neutral Licensee situation , a broker may collect a commission from both the
seller and buyer if - ✔✔Both parties give their informed consent to the Neutral Licensee
relationship and have signed the Waiver of the to be Represented
✔✔A buyer is interested in seeing a house listed with XYZ Realty but does not wish to
enter into a neutral licensee relationship . A salesperson from LMN Realty can show the
buyer the house if - ✔✔The buyer signs an AREC Consumer Pamphlet stating that LMN
Realty represents the buyer and has XYZ Realty's permission to show the property
✔✔A seller is required by statue to give a buyer a property condition disclosure report in
all of the following transactions EXCEPT - ✔✔For the sale of commercial property
✔✔Seller property condition disclosures MUST be delivered to the buyer - ✔✔Prior to
the buyer's making a written offer
✔✔A seller has no knowledge of any plumbing system problems on the property she is
selling . In actuality , however , the pipes are seriously corroded and will soon need to
be replaced . In the seller property condition disclosure , when responding to whether
the seller has any knowledge of plumbing system problems , she should respond -
✔✔No.
✔✔In Alaska , when a broker is listing a home and asks the seller to complete a
property condition disclosure , which of the following statements is true ? - ✔✔Seller
disclosure of known property conditions is required by Alaska statute
✔✔A salesperson represents a seller in a transaction . When prospective buyers ask to
look at the property , the salesperson MUST - ✔✔Inform them , in writing , that the
salesperson represents the seller's interests
QUESTIONS WITH ANSWERS RATED A+
✔✔Which of the following persons MUST have an active real estate license in order to
transact business ? - ✔✔Person who negotiates the sales of entire businesses ,
including their stock equipment and buildings , for a promised fee Resident
✔✔An applicant for a real estate salesperson's license in Alaska MUST - ✔✔Not be
under indictment for a felony or on parole for the conviction of a felony
✔✔An unlicensed individual who engages in activities for which a real estate license is
REQUIRED , is subject to which of the following penalties ? - ✔✔Civil penalty of $ 5000
in addition to other penalties provided by law
✔✔When does a real estate salesperson's licenses expire in Alaska ? - ✔✔January
31st of every even numbered year
✔✔To renew a license in Alaska , a salesperson or broker MUST submit an application
to renew , pay the appropriate fees , and - ✔✔education in the two years prior to
renewal
✔✔A licensee who allows his / her license to lapse may not practice , however , if all
other conditions are met , the license may be reinstated without monetary penalty up to
- ✔✔2 years
✔✔In Alaska , an unlicensed real estate . assistance may perform all of the following
activities EXCEPT - ✔✔Explain simple contract documents to prospective buyers
✔✔Regarding the licensing and duties of unlicensed personal , real estate assistants in
Alaska , may - ✔✔Insert factual information into form contracts under the licensed
employer's supervision and approval
✔✔A broker's unlicensed assistant worked late one night and weekends to help ensure
the successful closing of a difficult transaction . The assistant's extra work included
making several phone calls to the prospective buyers and encouraging them to accept
the seller's counteroffer . Largely because of the assistant's efforts , the sale went
through with no problem . Now the broker wants to pay the assistant a percentage of
the commission , " because the assistant has really earned it . " Under Alaska law , the
broker may - ✔✔Not pay a commission to the assistant under the facts presented here .
They are both in violation of rules regarding unlicensed assistants
✔✔A person who has been licensed in another state with substantively the same
licensing requirements may obtain an equivalent Alaska license by passing the state
portion of the exam and providing both a license history from the other state ( s ) and
,proof of equivalent pre - licensing education with the initial license application . This is
referred to as - ✔✔Reciprocity
✔✔All of the following statements regarding the Alaska Real Estate Commission are
true EXCEPT that - ✔✔Members of the commission are selected by the state
association of REALTORS®
✔✔The on - site property manager for Acme Apartments is responsible for negotiating
leases for the apartments . In this position , the on - site manager - ✔✔Is exempt from
the licensing requirement .
✔✔All of the following are EXEMPT from the provisions of the real estate license law
EXCEPT a ( an ) - ✔✔Individual who receives compensation for procuring prospective
buyers or renters of real estate
✔✔An individual wants to sell her own house . Which of the following statements is true
? - ✔✔She does not need a real estate license to sell her house herself
✔✔What is the expiration date of every salesperson's license in Alaska ? - ✔✔January
31st of every even - numbered year
✔✔A person MUST be licensed as a real estate broker or salesperson if that person is -
✔✔Arranging exchanges of real property .
✔✔Mark , a licensed broker , procures a ready , willing and able buyer for his seller
principle . The seller accepts the buyer's offer in writing , then experiences a change of
heart and withdraws the acceptance . In this situation , Mark - ✔✔Is entitled to collect a
commission
✔✔A license has entered into neutral licensee relationship agreements with both a
seller and a buyer . The buyer is interested in making an offer on the seller's property
Can this occur ? - ✔✔Yes , if the buyer and seller both give their written consent to the
neutral licensee relationship and sign the " Waiver of the Right to be Represented "
✔✔A seller's listing agreement has expired and the seller lists with a different brokerage
firm . Paul , the original listing licensee , now has a buyer interested in the seller's
property . Based on this information , Paul - ✔✔Cannot disclose to the buyer offers
received on the seller's property while it was listed with him
✔✔A buyer contacts a real estate office and indicates an interest in purchasing a
nearby home . Without a signature on the AREC Consumer Pamphlet showing the
licensee relationships by the buyer , a salesperson from the real Estate office can do all
of the following EXCEPT - ✔✔Pre - qualify the buyer for a mortgage
, ✔✔A prospective buyer is interested in seeing a house listed with the real estate
company but does not wish to enter into a buyer representation agreement of be placed
in a neutral relationship . A salesperson from the real estate company can show the
buyer an in - house listing if the - ✔✔Salesperson provides the buyer with and receives
the buyer's signature on an AREC Consumer Pamphlet that shows the real estate
company represents the seller
✔✔Buyer - Brokerage contracts in Alaska - ✔✔Must be in writing to be enforced
✔✔All of the following provisions are included in the Alaska Real Estate Commission's
status and regulations regarding listing agreement EXCEPT that a listing agreement
MUST - ✔✔Be accompanied by a qualified expert's report of the properties condition
✔✔In a Neutral Licensee situation , a broker may collect a commission from both the
seller and buyer if - ✔✔Both parties give their informed consent to the Neutral Licensee
relationship and have signed the Waiver of the to be Represented
✔✔A buyer is interested in seeing a house listed with XYZ Realty but does not wish to
enter into a neutral licensee relationship . A salesperson from LMN Realty can show the
buyer the house if - ✔✔The buyer signs an AREC Consumer Pamphlet stating that LMN
Realty represents the buyer and has XYZ Realty's permission to show the property
✔✔A seller is required by statue to give a buyer a property condition disclosure report in
all of the following transactions EXCEPT - ✔✔For the sale of commercial property
✔✔Seller property condition disclosures MUST be delivered to the buyer - ✔✔Prior to
the buyer's making a written offer
✔✔A seller has no knowledge of any plumbing system problems on the property she is
selling . In actuality , however , the pipes are seriously corroded and will soon need to
be replaced . In the seller property condition disclosure , when responding to whether
the seller has any knowledge of plumbing system problems , she should respond -
✔✔No.
✔✔In Alaska , when a broker is listing a home and asks the seller to complete a
property condition disclosure , which of the following statements is true ? - ✔✔Seller
disclosure of known property conditions is required by Alaska statute
✔✔A salesperson represents a seller in a transaction . When prospective buyers ask to
look at the property , the salesperson MUST - ✔✔Inform them , in writing , that the
salesperson represents the seller's interests
