A member of the Alaska Real Estate Commission is appointed by the governor. Under AS 08.88, what is the standard term length for a commission member's appointment?
Correct Answer
D) Three years, with no statutory limit on consecutive terms
Under AS 08.88.010, members of the Alaska Real Estate Commission serve three-year terms. The statute does not impose a specific limit on the number of consecutive terms a member may serve, though the governor makes all appointments. The three-year staggered term structure ensures continuity on the commission.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
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