When a licensee wishes to purchase a property listed by their own firm, what is the primary requirement under Alaska real estate law?
Correct Answer
B) Disclose their licensed status in writing to the seller before or at the time of making an offer
Under Alaska real estate regulations, a licensee who is purchasing property — especially one listed by their own firm — must disclose their status as a licensed real estate professional to the seller in writing. This disclosure requirement protects the seller from any informational or negotiating advantage the licensee may hold. There is no requirement to offer above asking price, obtain Commission pre-approval, or use an outside firm.
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