Associate broker Tom Nakamura has been licensed in Alaska for eight years and wants to upgrade his license to a broker's license. Under AS 08.88 and 12 AAC 64, which of the following is a requirement Tom must meet to qualify for a broker's license in Alaska?
Correct Answer
A) Tom must have at least two years of active experience as a licensed real estate salesperson or associate broker in Alaska within the past five years.
Under AS 08.88 and 12 AAC 64, an applicant for a broker's license in Alaska must demonstrate at least two years of active licensed experience as a salesperson or associate broker within the five years preceding the application. This experience requirement ensures that broker applicants have practical field experience before taking on supervisory responsibilities.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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