Alaska Real Estate- Law Practice Questions and Answers

If the tenant has given proper notice, under the Uniform Residential Landlord Tenant Act a landlord must return the security deposit within how many days after the termination of the tenancy and delivery of possession by the tenant? 14 A licensed real estate broker may only pay a finder's fee to one of his licensed sales people A licensed real estate broker is also licensed in another state. He received notice his out of state license has been suspended. How many working days does he have to inform the real estate commission? 5 Under the Uniform Common Interest Ownership Act a dealer is defined as a person who owns either Six or more units in a common interest community or 50% or more of the units in a common interest community. How many months back condominium fees take precedent over a mortgage under foreclosure on a unit? 6 The condominium unit owners association can change regulations by amending the Bylaws A broker was managing an apartment complex. A tenant vacated an apartment still owing rent and leaving his personal property in the apartment. The broker can sell the personal property at a public sale after 15 day notice to the tenant to remove the personal property. The landlord shall do all of the following except provide running water when it becomes available A real estate licensee selling a security need not be registered if it is sold to 10 people or less in this state A real estate firm advertised $1000 off any house in a subdivision if the buyer brought in a copy of the ad. The seller could reduce the price by $1000 A real estate firm-advertised that anyone buying a house in a subdivision over the weekend would have a washer and dryer included in price by the builder. This is not a violation of the real estate license law since the seller is including the washer and dryer in the price