Salesperson Yuki Tanaka has been licensed in Alaska for three years. Her license renewal is due, and she has completed 20 hours of continuing education. However, she completed only two hours of ethics education and 18 hours of elective topics. She submits her renewal application to AREC. Under 12 AAC 64, which of the following best describes the outcome of her renewal application?
Correct Answer
D) Her renewal will be denied or her license placed on inactive status because she has not met the mandatory three-hour ethics requirement.
Under 12 AAC 64, Alaska requires 20 hours of continuing education per two-year renewal cycle, and within those 20 hours, at least three hours must be dedicated to ethics. This is a mandatory topic requirement, not simply a total-hours requirement. Yuki completed only two ethics hours, which means she has not satisfied the mandatory ethics component. AREC will deny her renewal or place her license on inactive status until she completes the required ethics hour.
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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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In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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