Alaska

Alaska Real Estate Study Guides

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Contents


The Alaska License Professor covers the following AK state specific topics

  • Commission regulations
  • Licensing requirements
  • Agent responsibilities and disclosures
  • Record keeping requirements
  • The Uniform Residential Landlord and Tenant Act
  • Financing
  • Real Property
  • Valuation / Appraisal

The Alaska License Professor covers all of the Promissor (ASI) necessary fundamentals of real estate, including 1)Real property characteristics, definitions, ownership, restrictions, and transfer, 2)Assessing and explaining property valuation and the appraisal process 3)Contracts, agency relationships with buyers and sellers, and federal requirements 4)Financing the transaction and settlement 5)Leases, rents, and property management.

  • 3 interactive study methods (Learning, Exam, and Flash Card)
  • 14 practice real estate license exams containing over 2100 questions
  • Both state and national real estate exam questions
  • Specific math and definition exams
  • Real estate specific online dictionary with hundreds of terms phrases

By studying with the Alaska License Professor, you will:

  • Increase your understanding of Real Estate Course material
  • Improve your exam comfort, familiarity, and completion speed
  • Start preparing immediately as there is no software to be delivered
  • Work from home comfortably (slippers allowed) : Study wherever and whenever you desire
  • Have no need to attend expensive Real Estate School exam prep classes

The content for each Alaska real estate exam has been extensively planned out by the Alaska License Professors editorial staff; professionals who teach real estate license courses all over Alaska. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the Alaska License Professor's system provides.

The Alaska License Professor covers:

  1. Introduction to the Real Estate Business
  2. Real Property and the Law
  3. Concepts of Home Ownership
  4. Agency
  5. Real Estate Brokerage
  6. Listing Agreements and Buyer Representation
  7. Interests in Real Estate
  8. Forms of Real Estate Ownership
  9. Legal Descriptions
  10. Real Estate Taxes and Other Liens
  11. Real Estate Contracts
  12. Transfer of Title
  13. Title Records
  14. Real Estate Financing: Principles
  15. Real Estate Financing: Practice
  16. Leases
  17. Property Management
  18. Real Estate Appraisal
  19. Land-Use Controls and Property Development
  20. Fair Housing and Ethical Practices
  21. Environmental Issues and Real Estate Transactions
  22. Closing the Real Estate Transaction
  23. Real Estate Math
  24. Alaska Law and Practice

Alaska Real Estate License Requirements

In Alaska, exams, licensing, and continuing education for real estate agents are governed by the Alaska Real Estate Commission.

There are three basic real estate licenses in Alaska:

  • Salesperson: a person working in the office of a real estate broker as an employee or independent contractor.
  • Associate Broker: a person who has met the qualifications to become a broker but continues to work in association with another broker rather than having a business of his/her own.
  • Broker: a person who operates his/her own real estate business or acts as a broker for a corporation or partnership.

To obtain the salesperson's license, a person must:

  • Be a U.S. citizen or lawful permanent resident.
  • Be at least 19 years old.
  • Not be under indictment for forgery, theft, extortion, conspiracy to defraud, or any other felony implying character untrustworthiness.
  • If ever convicted of any of the specified felony charges, the complete sentence must have been served.
  • Complete 20 classroom hours approved pre-licensing education.
Sample Salesperson Exam

To obtain the associate broker's license, a person must:

  • Be a U.S. citizen or lawful permanent resident.
  • Not be under indictment for forgery, theft, extortion, conspiracy to defraud, or any other felony implying character untrustworthiness.
  • A person who has been convicted of a felony of one of the types listed above may not be granted an associate broker's license until five years after the complete sentence has been served.
  • Complete 15 classroom hours approved broker training.
  • Been a licensed salesperson for 24 consecutive months within the last 48, and real estate must have been his/her principal occupation.
  • Must have passed the broker's exam and be affiliated with a licensed broker.

To obtain the broker's license, a person must:

  • Be a U.S. citizen or lawful permanent resident.
  • Not be under indictment for forgery, theft, extortion, conspiracy to defraud, or any other felony implying character untrustworthiness.
  • A person who has been convicted of a felony of one of the types listed above may not be granted an associate broker's license until five years after the complete sentence has been served.
  • Complete 15 classroom hours approved broker training.
  • Completed 24 consecutive months within the last 36 as a licensed salesperson, and real estate must have been his/her principal occupation
  • Must either own a real estate business or work as the broker for a corporation or partnership.
  • A corporation or partnership can have only one broker in charge. If a second person, meeting the qualifications of a broker, holds an ownership position or is employed by the company, that person is considered an associate broker.
  • Must have passed the broker's exam

Additionally, a broker applicant must:

  • Successfully complete an approved 60 clock hour prelicense course.
  • Must have held an active real estate salesperson license in any state for at least 24 months of the 36 month period immediately preceding the date of application.
Sample Brokers Exam

Examination

There are two levels of examination: salesperson and broker. The Real Estate Commission contracts with Pearson Vue Testing Services to prepare, administer and grade both versions of the exam.

The Commission is responsible for establishing exam contents, but Promissor retains full copyright over its examinations including the portions covering the Alaska statutes and regulations.

The examination is administered electronically and offered weekly in Anchorage, semi-monthly in Fairbanks and quarterly in Juneau. The fee is $100

The exam may be provided at other locations on an individual request basis for an additional $50 fee. A candidate guide, prepared by the testing service, is available for download below or via written request to the Alaska Real Estate Commission.