A seller, buyer, lessor, or lessee is not liable for an act, error, or omission of a real estate licensee that arises out of the licensee relationship,
(1) unless the seller, buyer, lessor, or lessee participated in or authorized the act, error, or omission and then only to the extent of the participation or authorization; or
(2) except to the extent that the seller, buyer, lessor, or lessee benefited from the act, error, or omission, and a court determines that it is highly probable that the person claiming damages for the act, error, or omission would be unable to enforce a judgment against the licensee.
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.