Unless agreed otherwise, a real estate licensee does not owe a duty to a person with whom the licensee has established a licensee relationship to
(1) conduct an independent inspection of the real estate that is the subject of the licensee relationship;
(2) conduct an independent investigation of a person's financial condition; or
(3) independently verify the accuracy or completeness of a statement made by a party to a real estate transaction or by a person reasonably believed by the licensee to be reliable.
Structure Alaska Statutes
Title 8. Business and Professions
Chapter 88. Real Estate Brokers and Other Licensees
Article 5. License Relationships and Duties.
Sec. 08.88.600. Licensee relationships.
Sec. 08.88.605. Additional licensee relationship provisions.
Sec. 08.88.610. Authorization of neutral licensee relationship.
Sec. 08.88.615. Duties owed by licensee in all licensee relationships.
Sec. 08.88.620. Duties owed by licensee representing a person.
Sec. 08.88.625. Waiver of duties.
Sec. 08.88.630. Duties not owed by licensee.
Sec. 08.88.635. Acts not amounting to adverse or detrimental acts or conflicts of interest.
Sec. 08.88.640. Designated licensee relationship.
Sec. 08.88.645. Duties of neutral licensee.
Sec. 08.88.650. No imputation of knowledge resulting from neutral licensee relationship.
Sec. 08.88.660. Duration of relationship.
Sec. 08.88.665. Vicarious liability.
Sec. 08.88.670. Imputed knowledge and notice.
Sec. 08.88.675. Common law abrogated.
Sec. 08.88.680. Causes of action.