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Article 1. Real Estate Commission.
Sec. 08.88.011. Creation and membership of commission. - There is created a Real Estate Commission. It consists of...
Sec. 08.88.031. Executive secretary of commission. - The department shall, after consultation with the commission, employ a...
Sec. 08.88.037. Investigation and injunction. - (a) The commission may request the department to conduct investigations...
Sec. 08.88.041. Qualifications of commission members. - (a) Five members of the commission must be real estate...
Sec. 08.88.051. Commission meetings and officers. - (a) The commission shall hold a regular annual meeting. It...
Sec. 08.88.061. Assistants. - Notwithstanding contrary provisions of AS 08.01.050, the commission may assign...
Sec. 08.88.071. Duties and powers of the commission; grounds for disciplinary sanctions. - (a) The commission shall (1) determine whether applicants meet requirements...
Sec. 08.88.081. Commission regulations. - The commission shall adopt regulations necessary to carry out the...
Sec. 08.88.091. Education of applicants and licensees. - (a) The commission may conduct and assist in conducting real...
Sec. 08.88.095. Educational requirements after initial license. - (a) In addition to the continuing educational requirements of AS...
Sec. 08.88.098. Educational requirements after suspension. - (a) In addition to the continuing educational requirements of AS...
Sec. 08.88.131. Applicability of the Administrative Procedure Act. - AS 44.62 (Administrative Procedure Act) applies to regulations and proceedings...
Sec. 08.88.141. Compensation. - A commission member is entitled to transportation expenses and per...
Article 2. Licensing.
Sec. 08.88.161. License required. - Unless licensed as a real estate broker, associate real estate...
Sec. 08.88.165. Conduct of auctions. - Notwithstanding AS 08.88.161, a person who is not licensed under...
Sec. 08.88.167. Civil penalty for unlicensed or unauthorized practice. - (a) In addition to penalties prescribed by any other provision...
Sec. 08.88.171. Eligibility for license. - (a) A natural person qualifies for a real estate broker...
Sec. 08.88.172. Errors and omissions insurance. - (a) A person licensed as a real estate broker, associate...
Sec. 08.88.173. Fidelity bond for community association managers. - (a) If the board of directors of a community association...
Sec. 08.88.175. Limitations on community association managers. - A licensee may not, within the practice of community association...
Sec. 08.88.181. Content and purpose of examination. - (a) The real estate examinations may include questions on real...
Sec. 08.88.191. Administration of examination. - (a) The commission shall offer written examinations at periodic intervals...
Sec. 08.88.201. Reexamination. - A person who fails an examination may apply for a...
Sec. 08.88.221. Fees. - The Department of Commerce, Community, and Economic Development shall set...
Sec. 08.88.241. Reinstatement of lapsed license. - (a) A person whose real estate license has lapsed less...
Sec. 08.88.251. Inactive license. - (a) A real estate licensee who intends to become inactive...
Article 3. Miscellaneous Provisions.
Sec. 08.88.263. License by endorsement. - A person who holds a valid active real estate license...
Sec. 08.88.281. Real estate recovery fund. - Before issuing a license to an applicant under this chapter,...
Sec. 08.88.291. Location; contact information. - (a) A person licensed as a real estate broker shall,...
Sec. 08.88.301. Change of location. - Before a real estate broker changes the location of the...
Sec. 08.88.305. Multiple business operations. - A person licensed as a real estate broker may own,...
Sec. 08.88.311. Branch offices. - (a) A branch office shall be under the direct supervision...
Sec. 08.88.321. Possession and display of license certificates. - (a) The license certificate of a real estate broker shall...
Sec. 08.88.331. Making of transactions. - An active real estate salesperson or associate real estate broker...
Sec. 08.88.341. Listings or management contracts. - All real estate listings or management contracts must be in...
Sec. 08.88.351. Accounts; records of transactions. - (a) A real estate broker shall (1) keep a complete...
Sec. 08.88.361. When commission is earned. - A commission is earned when the real estate broker fulfills...
Sec. 08.88.381. Signs. - A real estate broker shall maintain a sign at each...
Sec. 08.88.391. Conflict of interest. - (a) A real estate licensee who has a conflict of...
Sec. 08.88.396. Licensee relationships, disclosures, and activity before January 1, 2005. - (a) A person licensed under this chapter shall, when acting...
Sec. 08.88.398. Licensed assistants. - A licensed real estate salesperson or licensed associate real estate...
Sec. 08.88.401. Prohibited conduct; penalties. - (a) A person licensed under this chapter may not falsely...
Sec. 08.88.403. Review of transactions. - A real estate broker may contract with and pay an...
Sec. 08.88.405. Preparation of documents. - Notwithstanding AS 08.08, a person licensed as a real estate...
Article 4. Real Estate Recovery Fund.
Sec. 08.88.450. Real estate recovery fund. - (a) The real estate recovery fund is established in the...
Sec. 08.88.455. Payments by real estate licensees. - (a) A real estate licensee, when applying for or renewing...
Sec. 08.88.460. Claim for payment. - (a) Subject to (e) of this section, a person seeking...
Sec. 08.88.465. Consideration of application. - (a) If the commission receives a claim for an award...
Sec. 08.88.472. Fund operations; charges against fund. - (a) The commission may charge the real estate recovery fund...
Sec. 08.88.475. Maximum liability. - (a) The maximum liability of the real estate recovery fund...
Sec. 08.88.480. Order of claim payment. - If the money deposited in the real estate recovery fund...
Sec. 08.88.485. False claims or documents. - A person who files with the commission a notice, statement,...
Sec. 08.88.490. Right to subrogation. - When the commission has paid to a claimant from the...
Sec. 08.88.495. Disciplinary action. - Repayment in full of all obligations to the real estate...
Article 5. License Relationships and Duties.
Sec. 08.88.600. Licensee relationships. - (a) A real estate licensee who provides real estate services...
Sec. 08.88.605. Additional licensee relationship provisions. - (a) A real estate licensee may provide real estate services...
Sec. 08.88.610. Authorization of neutral licensee relationship. - (a) Before a real estate licensee begins acting as a...
Sec. 08.88.615. Duties owed by licensee in all licensee relationships. - (a) Unless additional duties are agreed to in a written...
Sec. 08.88.620. Duties owed by licensee representing a person. - Unless additional duties are agreed to in a written document...
Sec. 08.88.625. Waiver of duties. - A real estate licensee or a person to whom a...
Sec. 08.88.630. Duties not owed by licensee. - Unless agreed otherwise, a real estate licensee does not owe...
Sec. 08.88.635. Acts not amounting to adverse or detrimental acts or conflicts of interest. - (a) If a licensee shows real estate not owned or...
Sec. 08.88.640. Designated licensee relationship. - (a) Unless the broker is the designated licensee, the relationship,...
Sec. 08.88.645. Duties of neutral licensee. - (a) Unless additional duties are agreed to in a written...
Sec. 08.88.650. No imputation of knowledge resulting from neutral licensee relationship. - In a neutral licensee relationship, the knowledge or information of...
Sec. 08.88.655. Compensation. - (a) A real estate broker may be compensated by any...
Sec. 08.88.660. Duration of relationship. - (a) A licensee relationship with a buyer, lessee, seller, or...
Sec. 08.88.665. Vicarious liability. - A seller, buyer, lessor, or lessee is not liable for...
Sec. 08.88.670. Imputed knowledge and notice. - (a) Unless otherwise agreed to in writing, a seller, buyer,...
Sec. 08.88.675. Common law abrogated. - The common law of agency related to real estate licensee...
Sec. 08.88.680. Causes of action. - (a) A person may not bring an action against a...
Sec. 08.88.685. Policies, guidelines, and requirements. - (a) A broker shall adopt written policies and procedures available...
Sec. 08.88.690. Exemptions. - A real estate licensee is exempt from the signature requirements...
Sec. 08.88.695. Definitions for AS 08.88.600 - 08.88.695. - In AS 08.88.600 - 08.88.695, (1) “compensation” includes a commission;...
Article 6. General Provisions.
Sec. 08.88.900. Exceptions. - (a) Except as provided in (b) of this section, this...
Sec. 08.88.910. Application to independent contractors. - The provisions of this chapter that apply to employment relationships...
Sec. 08.88.990. Definitions. - In this chapter, (1) “commission” means the Real Estate Commission...