Alaska State Law

Here's what you'll get all in an easy to follow format:

  • Alaska State Law Manual outlining all AK state laws regarding real estate in Alaska

  • More than 275 practice quiz questions in both online, interactive format and downloadable documents.

  • More than 10 hours of videos to choose from

  • Audio recordings of the videos you can download

  • Instructions on taking the test

  • Topics include:

    • Licensee Relationships
    • Disclosures
    • Conflicts of interest
    • Alaska Real Estate License Law and Regulations
    • Powers of the Real Estate Commission Licensing
    • Requirements Governing the Activities of Licensees
    • Alaska Landlord Tenant Law

StateLawClassOutline

Already Licensed In Another State?

The Royse and Associates real estate school provides Zoom and correspondence classes. You can sit in on the portion of the Sales PreLicensing class that addresses State Law or do the whole thing by correspondence in the comfort of your home or office.

This 6-hour class meets the AREC requirements for obtaining the Alaska State Law portion certificate of completion for the class and is preparation for the licensing test.

Pass the test and become a licensee right away with interesting and time saving material.

License by Endorsement

Sec. 08.88.263. License by Endorsement.

A person who holds a valid active real estate license issued by another state shall be granted an equivalent Alaska real estate license if that person:

  1. passes the portion of the real estate examination which examines on Alaska law; and
  2. meets the requirements of AS 08.88.171
  3. satisfies the educational requirements under AS 08.88.095(a) if the person has not held the license issued by the other state for one year or more.

There are 2 issues related to out of state licensees testing to get Alaska License.

  1. The Pearson Vue exam no longer reviews waivers. You need to choose the correct exam. (See below.)
  2. PreLicensing education requirements.
  1. Effective June 17, 2022, the non-resident client waiver process will no longer be utilized to waive the general portion of the applicable Alaska Real Estate exam. Non-resident candidates who currently hold an active, non-expired license in their home state may take the applicable Alaska Out of State License Recognition Endorsement exam on or after June 17, 2022.

    However, if an applicant who does not have a current license in another state and takes the endorsement exam, they will need to retake the entire 40-hour class and test with the appropriate general and state portion exam.

    See the exam choices below that can be found on the Pearson Vue website. (www.PearsonVue.com)

    Exam Code Exam Name:

    ReAK -Broker Alaska Broker (general and state portion)
    ReAK -Sales Alaska Sales (general and state portion)
    ReAK-ULRBroker Alaska Out of State License Recognition - Broker (Endorsement) (state portion only)
    ReAK-ULRSales Alaska Out of State License Recognition - Sales (Endorsement) (state portion only)

  2. Education issue for those applicants that apply for initial licensure by endorsement (hold a current and active license in another state)- There are 2 issues within this issue. Comparable pre-licensing education for endorsement applicants (12 AAC 64.59) and this education must be completed within 24 months immediately preceding the date of application {12 AAC 64.063(a)(2)]. (This can be the difficult part if the applicant has been licensed more than 24 months and some out of state licensees have chosen to take the entire 40 hour class to get appropriate documentation and expedite the process)

Alaska State Regulations:

12 AAC 64.059. REVIEW OF LICENSE APPLICATIONS.

(a) An applicant who meets the requirements on the relevant checklist set out in this section has demonstrated the necessary qualifications for the license applied for. An applicant who does not meet the requirements on that checklist or whose responses on the form for application do not clearly show that the applicant is qualified to receive a license will not be issued a license unless the commission further reviews the application and determines that the applicant meets the qualifications in AS 08.88 and this chapter for that license.

(c) The following checklist is established by the commission for reviewing an application for a salesperson license by endorsement; a salesperson license by endorsement will be issued to an applicant who

  • (1) meets the requirements in (b)(1), (b)(5), and (b)(6) of this section;
  • (2) has passed the state law portion of the examination for real estate salespersons;
  • (3) files the completed form for application with the division within six months of passing the state law portion of the examination for real estate salespersons as calculated under 12 AAC 64.060(e);
  • (4) provides a license history from the licensing authorities in all other states in which the applicant holds a real estate license that shows the applicant meets the requirements in 12 AAC 64.061(c) for a valid and active license;
  • (5) submits documentation that the applicant met education requirements that covered the topics and hours listed in 12 AAC 64.063(c)(1) - (c)(6) and (c)(8) to obtain a license in another jurisdiction; and
  • (6) submits evidence of completing six contact hours of course work on Alaska real estate license law as required in 12 AAC 64.063(c)(7).

(f) The following checklist is established by the commission for review of an application for an associate broker license by endorsement. An associate broker license by endorsement will be issued to an applicant who

  • (1) meets the requirements in (d)(1) of this section;
  • (2) has passed the state law portion of the examination for real estate brokers;
  • (3) files the completed form for application with the division within six months of passing the state law portion of the examination for real estate brokers as calculated under 12 AAC 64.060(e);
  • (4) provides a license history from the licensing authorities in all other states in which the applicant holds a real estate license that shows the applicant meets the requirements in 12 AAC 64.061(c) for a valid and active license;
  • (5) submits documentation that the applicant met education requirements that covered the topics and hours listed in 12 AAC 64.063(b) to obtain a broker or associate broker license in another jurisdiction;
  • (6) submits documentation that the applicant has completed six contact hours of course work on Alaska real estate license law and Alaska landlord tenant law as required in 12 AAC 64.063(c);
  • (7) pays the application and initial license fees established in 12 AAC 02.360; and
  • (8) pays the recovery fund fee established in 12 AAC 64.073. (g) The following checklist is established by the commission for review of an application for a broker license by endorsement. A broker license by endorsement will be issued to an applicant who (1) meets the requirements of (f) of this section;

12 AAC 64.063. MINIMUM EDUCATION REQUIREMENTS FOR LICENSURE.

(a) All real estate education courses used to qualify for initial licensure must

  • (1) meet the requirements of 12 AAC 64.400 - 12 AAC 64.470 and this section; and
  • (2) have been completed within the 18 months immediately preceding the date of application, except that the real estate education courses used to qualify for initial licensure by endorsement must have been completed within the 24 months immediately preceding the date of application.

(b) To meet the real estate education requirements for licensure under AS 08.88.171(a) or (b), an applicant for a broker or associate broker license must document completion of the following contact hours of education in the following topics:

  • (1) broker supervision requirements and record keeping - four contact hours;
  • (2) trust accounting procedures - three contact hours;
  • (3) organizing and managing a real estate office - three contact hours;
  • (4) property management – two contact hours; and
  • (5) broker-level education to understand the applicability of the following areas covered previously in the applicant’s initial education course to receive a real estate salesperson license:
    • (A) licensee relationships, disclosure, and conflict of interest – three contact hours;
    • (B) forms of ownership - two contact hours;
    • (C) property law, public and private rights, and limitations - two contact hours;
    • (D) forms of conveyances and recording of documents - two contact hours;
    • (E) contracts and transaction documents - two contact hours;
    • (F) financing instruments and accounting principles - two contact hours;
    • (G) Alaska real estate license law and Alaska landlord tenant law - three contact hours; and
    • (H) federal fair housing and Real Estate Settlement Procedures Act (RESPA) laws - two contact hours.

(c) To meet the real estate education requirements for licensure under AS 08.88.171(c), an applicant for an initial real estate license shall document completion of the following topics and hours:

  • (1) licensee relationships, disclosure, and conflict of interest - six contact hours;
  • (2) forms of ownership - four contact hours;
  • (3) property law, public and private rights, and limitations - four contact hours;
  • (4) forms of conveyances and recording of documents - four contact hours;
  • (5) contracts and transaction documents - eight contact hours;
  • (6) financing instruments and accounting principles - six contact hours;
  • (7) Alaska real estate license law and Alaska landlord tenant law - six contact hours; and
  • (8) federal fair housing and RESPA laws - two contact hours.

(d) To document the real estate education received, an applicant shall list on the application form the following information:

  • (1) course title and commission course approval number, if applicable;
  • (2) course sponsor;
  • (3) number of contact hours; and
  • (4) instructor of the course.

(e) An associate broker who has met the education requirements in (b) of this section does not need to repeat those requirements when upgrading to a broker license.

(f) A licensee is responsible for maintaining adequate and detailed records, including course certificates or transcripts, showing completion of education courses claimed, and shall make the records available to the commission upon request. Records must be retained for three years after the date a course was taken.

(g) For the purposes of this section and AS 08.88.091,

  • (1) one contact hour equals a minimum of 50 minutes of instruction;
  • (2) one academic semester credit hour equals 15 contact hours;
  • (3) one academic quarter credit hour equals 10 contact hours. (h) Notwithstanding (a)(2) of this section, if, during a disaster, the real estate salesperson or broker examination is not administered, an applicant who has completed the real estate education courses required in (b) or (c) of this section may submit the courses as part of a completed application under 12 AAC 64.060(a) up to 60 days after testing has resumed.

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David L.

Great job! This course was comprehensive and was made as interesting as possible. The examples given helped make it easy to understand. Thanks!

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Very informative. Real life experience situations provided were helpful in understanding the course material.

Objectives By Module

Module 8

Alaska Real Estate License Law-64.063.(c)7

Segment Discussion:

Learning Objective:
What will the attendee be able to do after the course

Alaska Real Estate Statutes and Regulations

List Key Alaska Real Estate Statutes and Regulations

Licensing and Examinations Requirements

Identify Licensing and Examination Requirements

Business and Conduct

Differentiate Good and Bad Business Conduct

Education and General Provisions

Apply Education and General Provisions

Surety Fund Claims

Describe the Process for Surety Fund Claims

Alaska Real Estate Commission Structure

Write Down the Alaska Real Estate Commission Structure

Alaska Landlord Tenant Law Sections

Match Alaska Landlord Tenant Law Sections

Evictions

Identify Requirements of Evictions

Trust Accounting

List Procedures for Trust Accounting

Duties and Requirements of Real Estate Licensees

Identify Duties and Requirements of Real Estate Licensees

Other Alaska Laws Impacting Real Estate

List Other Alaska Laws Impacting Real Estate

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151 W 92nd Ave, Anchorage, AK 99515
Phone
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