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Practice Of Real EstateProperty Management AgreementsMEDIUM

Which Alaska rule applies when a property manager signs a personal service agreement with an owner?

Correct Answer

D) A property management contract must be in writing before management activity and include responsibilities, owner authority, period of agreement, and management fee

12 AAC 64.550(b) requires a prior written property management contract with those minimum terms. Source basis: Alaska DCCED Real Estate Commission RECregulations.pdf: cited rules include 12 AAC 64.117, 64.118, 64.119, 64.130, 64.140, and 64.550; checked 2026-04-30.

Answer Options
A
The agreement or disclosure is optional if the parties trust the licensee.
B
The issue is controlled only by the national agency topic, not Alaska law.
C
The licensee can cure the problem after closing without any exam consequence.
D
A property management contract must be in writing before management activity and include responsibilities, owner authority, period of agreement, and management fee

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Related Topics & Key Terms

Related Topics:

ak.Vproperty-management-agreements

Key Terms:

alaskaak.Vproperty-management-agreementsproperty-management-contract-minimums

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