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

A	18
B	21
C	20
D	19

Question 2

How many continuing education hours are required?

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

Question 3

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

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

Question 4

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

Question 5

Does Alaska have Homestead Laws?

A	Yes
B	No

Question 6

A Salesperson license fee costs:

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

Question 7

How often is continuing education due?

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

Question 8

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

A	Yes
B	No

Question 9

In Alaska, standing trees would be considered:

A	Real Property
B	Chattels
C	Emblements
D	Personal Property

Question 10

Is Alaska a community property state?

A	Yes
B	No

Question 11

Does Alaska recognize Holographic wills?

A	No
B	Yes

Question 12

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

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

Question 13

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 1% for each point charged
D	The interest rate on the mortgage loan has been lowered by 2% for each point charged

Question 14

Does Alaska allow Joint Tenancy or Tenancy by the entirety?

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

Question 15

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

A	True
B	False

Question 16

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

A	Premises
B	Novation
C	Acknowledgement
D	Habendum

Question 17

What are Alaska's Reciprocity states?

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

Question 18

What is Homestead protection?

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

Question 19

Which is not necessary for a valid contract?

A	Legal object
B	due date
C	acceptance
D	Offer

Question 20

What term means "going to the state?"

A	Taxation
B	Escheat
C	Emminent Domain
D	Police Power

Question 21

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 lived in the state for more than 2 years
C	must sit and pass the required exam
D	Must have an associates degree

Question 22

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 23

Does Alaska have Dower laws?

A	Yes
B	No

Question 24

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	Depositing his/her clients escrow money into a personal account.
D	A salesperson authorized by a broker to accept an excessive commission

Question 25

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

A	Agent
B	Lessee
C	Buyer
D	Lessor

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Alaska Real Estate Exam Prep

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