An Alaska licensee is reviewing a licensee transfers from one employing broker to another. What is the best answer?
Correct Answer
C) The terminating broker must submit the termination form within five days, and after applying for transfer the licensee may work for the new employing broker for up to 30 days while waiting for the amended certificate
12 AAC 64.075 sets the license-transfer process, including the five-day terminating-broker form and the 30-day pending-certificate work allowance. Source basis: Alaska DCCED Real Estate Commission official Statutes and Regulations page and RECregulations.pdf: AS 08.88 and 12 AAC 64 govern Alaska real estate practice; cited rules include 12 AAC 64.059, 64.063, 64.064, 64.071, 64.075, 64.085, and 64.099; checked 2026-04-30.
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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.
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