Broker Ellen Sato holds an active Alaska broker's license and also holds an active broker's license in Oregon. A client asks Ellen to assist with the purchase of a property located in Wasilla, Alaska. Ellen is currently located in Portland, Oregon and plans to conduct all negotiations by phone and email without entering Alaska. Under AS 08.88, which of the following best describes Ellen's licensing obligations for this Alaska transaction?
Correct Answer
A) Ellen must use her active Alaska broker's license to conduct this transaction, regardless of her physical location.
Under AS 08.88, any real estate transaction involving Alaska property requires a valid Alaska real estate license, regardless of where the licensee is physically located when performing services. Because Ellen already holds an active Alaska broker's license, she must conduct this transaction under that license. Physical presence in Alaska is not the determining factor — the location of the property and the nature of the services trigger the Alaska licensing requirement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
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.
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?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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- → A Wyoming licensee is reviewing a first-time salesperson applicant asks which prelicense courses are required. What is the best answer?
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