Alaska Real Estate Exam Prep

AK Salesperson Practice Exam

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Alaska Sample Practice Real Estate Exam Questions and Answers

Alaska State Section

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Question 1

What are Alaska's Reciprocity states?

A	Montanta
B	California
C	Oregon
D	Alaska does not have any.

Question 2

Does Alaska have Dower laws?

A	No
B	Yes

Question 3

How often is continuing education due?

A	Every 2 years
B	Every 3 years
C	Every 4 years
D	Every year

Question 4

What is the minimum age required to obtain an Alaska Real Estate License?

A	18
B	19
C	20
D	21

Question 5

Which of the following is required for an Alaska applicant to obtain a Real Estate License?

A	must have lived in the state for more than 2 years
B	Must be 25 or older
C	Must have an associates degree
D	must sit and pass the required exam

Question 6

In what circumstances, if any, can a broker in Alaska who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	None; the broker may only collect compensation from one party to a transaction
B	Only when both buyer and seller give informed consent to this arrangement
C	In most circumstances, except when the buyer and seller are related
D	Only when both buyer and seller have legal representation

Question 7

In Alaska, who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Agent
B	Lessor
C	Buyer
D	Lessee

Question 8

The Real Estate License Law is administered by

A	State of Alaska Real Estate Commission
B	Alaska State Department
C	Department of Real Estate
D	Real Estate Department of Alaska

Question 9

In Alaska, standing trees would be considered:

A	Emblements
B	Real Property
C	Chattels
D	Personal Property

Question 10

Does Alaska recognize Holographic wills?

A	Yes
B	No

Question 11

Does Alaska allow Joint Tenancy or Tenancy by the entirety?

A	Tenancy by the entirety
B	Joint Tenancy
C	Neither
D	Both

Question 12

In order to obtain an Alaska Real Estate License, you must have a high-school diploma or equivalent?

A	False
B	True

Question 13

A Salesperson license fee costs:

A	$250
B	$275
C	$200
D	$225

Question 14

Mortgage "discount" points only apply if which of the following conditions are met?

A	The loan does not close and the buyer owes the lender for services rendered
B	The seller has agreed to pay 1% of the closing costs
C	The interest rate on the mortgage loan has been lowered by 2% for each point charged
D	The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 15

Which is not necessary for a valid contract?

A	acceptance
B	Legal object
C	due date
D	Offer

Question 16

Which of the following would NOT put a sales person in jeopardy of losing their license in Alaska?

A	Conviced of a Felony
B	Placing an ad with a broker under their name when they are not a broker.
C	Depositing his/her clients escrow money into a personal account.
D	A salesperson authorized by a broker to accept an excessive commission

Question 17

How many continuing education hours are required?

A	15 hours
B	10 hours
C	12 hours
D	20 hours

Question 18

Which of the following isn't part of a deed?

A	Acknowledgement
B	Habendum
C	Novation
D	Premises

Question 19

In Alaska, how soon can a broker receive a commission check after a closing?

A	Once the lawyers give their ok
B	After the appraisal
C	After the transaction is completed and funded.
D	Once the buyer moves in

Question 20

What is Homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
B	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
C	Gradual subsidence of waters, leaving dry land
D	Net cash remaining to investor after sale of investment property

Question 21

Does Alaska use the Metes and bounds method of describing land, real property or real estate?

A	Yes
B	No

Question 22

What term means "going to the state?"

A	Taxation
B	Escheat
C	Police Power
D	Emminent Domain

Question 23

Is Alaska a community property state?

A	No
B	Yes

Question 24

Does Alaska have Homestead Laws?

A	Yes
B	No

Question 25

In Alaska, which of the following is a landlord's option for a tenant not paying rent?

A	turn of the gas
B	Turn of the power
C	unlawful detainer action in court
D	Lock tenant out.

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Alaska Real Estate Exam Prep

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Alaska State Section

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