Broker Chen in Anchorage represents a buyer who wants to purchase a remote fly-in property accessible only by small aircraft in the interior of Alaska. The property has no road access and is off the electrical grid. Under Alaska agency law, which of the following best describes Broker Chen's obligation regarding the property's access and utility status?
Correct Answer
A) Broker Chen must disclose the access limitations and off-grid status to the buyer as material facts, regardless of whether the buyer asks
Under Alaska agency law and the unique characteristics of Alaska real estate, access type and utility availability are material facts that a buyer's agent must proactively disclose to the buyer client. Alaska's significant volume of fly-in and boat-in only properties makes access a particularly critical material fact. A buyer's agent owes the duty of disclosure to the buyer client, which includes all known material facts affecting the property's value or desirability — including the absence of road access and grid utilities — without waiting to be asked.
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During an open house in Wasilla, a buyer named Kevin tells the listing agent, "I love this house and I'll pay whatever it takes to get it." The listing agent does not represent Kevin. Under Alaska law, what must the listing agent do with this information?
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