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

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

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

Question 2

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

A	19
B	21
C	20
D	18

Question 3

What are Alaska's Reciprocity states?

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

Question 4

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

A	Habendum
B	Acknowledgement
C	Novation
D	Premises

Question 5

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

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

Question 6

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

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

Question 7

Is Alaska a community property state?

A	Yes
B	No

Question 8

A Salesperson license fee costs:

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

Question 9

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

A	Buyer
B	Lessee
C	Agent
D	Lessor

Question 10

Does Alaska have Homestead Laws?

A	Yes
B	No

Question 11

What is Homestead protection?

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

Question 12

In Alaska, standing trees would be considered:

A	Real Property
B	Personal Property
C	Emblements
D	Chattels

Question 13

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

A	True
B	False

Question 14

Does Alaska have Dower laws?

A	No
B	Yes

Question 15

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

A	No
B	Yes

Question 16

Which is not necessary for a valid contract?

A	Offer
B	Legal object
C	due date
D	acceptance

Question 17

The Real Estate License Law is administered by

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

Question 18

Does Alaska recognize Holographic wills?

A	No
B	Yes

Question 19

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

Question 20

What term means "going to the state?"

A	Escheat
B	Police Power
C	Emminent Domain
D	Taxation

Question 21

How often is continuing education due?

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

Question 22

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

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

Question 23

How many continuing education hours are required?

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

Question 24

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

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

Question 25

Does Alaska allow Joint Tenancy or Tenancy by the entirety?

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

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Alaska Real Estate Exam Prep

AK Salesperson Practice Exam

What Do I Get with the Alaska Real Estate Exam Prep?

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How Our System Works

Alaska License Requirements

Alaska Reciprocal Agreements

Alaska Sample Practice Real Estate Exam Questions and Answers

Alaska State Section

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