In the sale of a unit for which delivery of a public offering statement is required, a contract of sale may be executed, but an interest in the unit may not be conveyed until the declaration is recorded, a plat or plan that accompanies the declaration is filed and recorded, and the unit is substantially completed as evidenced by issuance of a certificate of occupancy authorized by law or by a recorded certificate of substantial completion executed by
(1) an independent registered engineer, architect, or land surveyor;
(2) an appraiser with the designation of senior residential appraiser, senior real property appraiser, or senior real estate analyst of the Society of Real Estate Appraisers;
(3) a residential member, or member of the appraisal institute, of the American Institute of Real Estate Appraisers; or
(4) an individual with a designation established by regulation of the Alaska Housing Finance Corporation for fee appraisers who certify the completion of construction.
Structure Alaska Statutes
Chapter 08. Common Interest Ownership
Article 4. Protection of Purchasers.
Sec. 34.08.510. Applicability.
Sec. 34.08.520. Liability for public offering statement requirements.
Sec. 34.08.530. Public offering statements generally.
Sec. 34.08.540. Common interest communities subject to development rights.
Sec. 34.08.560. Common interest communities containing conversion property.
Sec. 34.08.570. Common interest community securities.
Sec. 34.08.580. Purchaser's right to cancel.
Sec. 34.08.590. Resales of units.
Sec. 34.08.600. Escrow of deposits.
Sec. 34.08.610. Release of liens.
Sec. 34.08.620. Conversion property.
Sec. 34.08.630. Express warranties of quality.
Sec. 34.08.640. Implied warranties of quality.
Sec. 34.08.650. Exclusion or modification of implied warranties of quality.
Sec. 34.08.660. Statute of limitations for warranties.
Sec. 34.08.670. Effect of violations on rights of action.
Sec. 34.08.680. Labeling of promotional material.
Sec. 34.08.690. Declarant's obligation to complete and restore.