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Real Estate Salesperson Exam — National Portion

Agency (AK): practice questions

Our Real Estate (National) bank has 9 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Alaska

What must the written consent to act as a neutral licensee be titled?

  1. Consent to Limited Dual Agency
  2. Acknowledgment of Facilitator Status
  3. Waiver of Right To Be Represented
  4. Neutral Licensee Agreement
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C. Waiver of Right To Be Represented — AS 08.88.610(c); 12 AAC 64.119.

Question 2 · Alaska

Without preauthorization, when must a seller's licensee get a buyer's written consent to act as a neutral licensee?

  1. Within five days after the first contact
  2. Before the buyer's offer is accepted
  3. Before showing the buyer the property
  4. At closing, on the settlement statement
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C. Before showing the buyer the property — AS 08.88.610(b).

Question 3 · Alaska

Under Alaska law, a licensee who provides real estate services to one party in a transaction represents whom?

  1. Both parties equally, until a written agency contract is signed
  2. The seller, since the listing broker is paid from the seller's proceeds
  3. No one, until the licensee is paid a fee by one of the parties
  4. Only that party, unless the parties to the deal agree otherwise in writing
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D. Only that party, unless the parties to the deal agree otherwise in writing — AS 08.88.600(a).

Question 4 · Alaska

When must an Alaska licensee disclose to a buyer that a murder or suicide occurred on the property?

  1. If it happened within three years of the listing date, whether known or not
  2. Never; such events are excluded from all licensee disclosure duties
  3. If it happened within one year before the first showing and the licensee knows of it
  4. Only if the buyer asks in writing, no matter how long ago the event occurred on the property
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C. If it happened within one year before the first showing and the licensee knows of it — AS 08.88.615(c).

Question 5 · Alaska

A broker assigns one licensee to the seller and a different licensee to the buyer in the same sale. What is the legal effect?

  1. It makes the broker a neutral licensee owing duties to neither party
  2. It is prohibited unless the two licensees work from separate offices
  3. It does not create dual agency or a conflict of interest for the broker
  4. It creates a dual agency that requires written consent from both parties
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C. It does not create dual agency or a conflict of interest for the broker — AS 08.88.640(b).

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