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 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	The estimated value that an asset will have at then end of it's useful life
C	Gradual subsidence of waters, leaving dry land
D	Net cash remaining to investor after sale of investment property

Question 2

Does Alaska have Dower laws?

A	No
B	Yes

Question 3

How many continuing education hours are required?

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

Question 4

A Salesperson license fee costs:

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

Question 5

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

A	No
B	Yes

Question 6

Is Alaska a community property state?

A	Yes
B	No

Question 7

What term means "going to the state?"

A	Emminent Domain
B	Taxation
C	Police Power
D	Escheat

Question 8

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

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

Question 9

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	None; the broker may only collect compensation from one party to a transaction
C	Only when both buyer and seller give informed consent to this arrangement
D	Only when both buyer and seller have legal representation

Question 10

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

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

Question 11

Does Alaska allow Joint Tenancy or Tenancy by the entirety?

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

Question 12

Does Alaska have Homestead Laws?

A	Yes
B	No

Question 13

What are Alaska's Reciprocity states?

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

Question 14

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

A	19
B	18
C	20
D	21

Question 15

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	Placing an ad with a broker under their name when they are not a broker.
C	A salesperson authorized by a broker to accept an excessive commission
D	Conviced of a Felony

Question 16

Which is not necessary for a valid contract?

A	Legal object
B	due date
C	acceptance
D	Offer

Question 17

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

A	Habendum
B	Acknowledgement
C	Premises
D	Novation

Question 18

Does Alaska recognize Holographic wills?

A	No
B	Yes

Question 19

In Alaska, standing trees would be considered:

A	Real Property
B	Personal Property
C	Emblements
D	Chattels

Question 20

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 21

How often is continuing education due?

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

Question 22

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

A	True
B	False

Question 23

The Real Estate License Law is administered by

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

Question 24

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

A	Lessor
B	Agent
C	Buyer
D	Lessee

Question 25

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

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

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Alaska Real Estate Exam Prep

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Alaska State Section

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