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

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

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

Question 2

Does Alaska allow Joint Tenancy or Tenancy by the entirety?

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

Question 3

How many continuing education hours are required?

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

Question 4

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

A	No
B	Yes

Question 5

What are Alaska's Reciprocity states?

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

Question 6

Does Alaska have Dower laws?

A	No
B	Yes

Question 7

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 have legal representation
C	In most circumstances, except when the buyer and seller are related
D	Only when both buyer and seller give informed consent to this arrangement

Question 8

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

A	False
B	True

Question 9

How often is continuing education due?

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

Question 10

In Alaska, standing trees would be considered:

A	Personal Property
B	Real Property
C	Emblements
D	Chattels

Question 11

The Real Estate License Law is administered by

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

Question 12

Is Alaska a community property state?

A	Yes
B	No

Question 13

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

A	Premises
B	Habendum
C	Acknowledgement
D	Novation

Question 14

What term means "going to the state?"

A	Emminent Domain
B	Escheat
C	Taxation
D	Police Power

Question 15

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

Question 16

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

A	21
B	18
C	20
D	19

Question 17

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 have an associates degree
C	Must be 25 or older
D	must sit and pass the required exam

Question 18

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

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

Question 19

A Salesperson license fee costs:

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

Question 20

Which is not necessary for a valid contract?

A	Offer
B	acceptance
C	Legal object
D	due date

Question 21

Does Alaska have Homestead Laws?

A	Yes
B	No

Question 22

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	Once the lawyers give their ok
D	After the transaction is completed and funded.

Question 23

What is Homestead protection?

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

Question 24

Does Alaska recognize Holographic wills?

A	Yes
B	No

Question 25

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

A	Buyer
B	Agent
C	Lessor
D	Lessee

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Alaska Real Estate Exam Prep

AK Salesperson Practice Exam

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Alaska State Section

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