Alaska Real Estate Salesperson Exam — All Questions

Before a consumer shares confidential information, an Alaska licensee should:

• a.Collect an earnest money deposit
• b.Provide a written disclosure of the real estate relationship identifying whom the licensee represents✓
• c.File an offer with the Commission
• d.Order a title commitment

Alaska requires licensees to disclose the nature of the real estate relationship in writing, identifying whether the licensee represents the seller, the buyer, both, or neither. Making this disclosure early, before the consumer reveals confidential information, helps the consumer make informed decisions about representation.

In Alaska, a licensee may act as a dual agent representing both the buyer and the seller in the same transaction only when:

• a.The transaction price exceeds a set amount
• b.The employing broker approves after closing
• c.Both parties give informed written consent✓
• d.The Commission issues a waiver

Dual agency is permitted only with the informed written consent of both the buyer and the seller. A dual agent must stay neutral on price and terms and may not reveal one party's confidential negotiating information to the other, because dual agency limits the advocacy each client would otherwise receive.