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Attachment: Alaska Real Estate Statutes and Regulations

The real estate license statutes are in Title 8 Chapter 88 (AS 08.88). The Real Estate

Commission adopts and amends Regulations that specify further details about licensees.

Once adopted they have the full force of law. The are found in Title 12 Chapter 64 of the

Alaska Administrative Code (12AAC64).

THE REAL ESTATE COMMISSION

APPOINTMENTS

7 members-5 Real Estate Brokers or Associate Brokers that have been licensed for 3 years

before appointment; 2 are public members.

Members are appointed by the Governor and confirmed by the legislature.

Serve for 4 year terms starting Feb 1 after appointment.

1 from the 1st Judicial District

1 from the 2nd Judicial District

1 from the 3rd Judicial District

1 from the 4th Judicial District

1 from the State at Large

2 from the Private Sector

In the event there is no one available from the 2nd Judicial District, there will be 2 from the

State at Large.

Commission elects their own officers

Must have at least one annual meeting; at least 2 judicial districts must be represented as

well as a majority of the members

Receive transportation and per diem only.

Executive Administrator of the Real Estate Commission.

The department shall, after consultation with the commission, employ a

person, who is not a member of the commission, to serve as executive

secretary for the commission. The executive secretary may use the title Executive

Administrator in carrying out the position. The executive administrator shall perform duties

as assigned by the commission.

(2)

DUTIES

1. Statutes direct the commission to examine applicants for licenses, issue licenses,

discipline and notify public of disciplinary action.

2. Responsible to develop and adopt regulations to:

a) specify what applicants must do to get a license

b) specify what applicants must do to keep their license

c) specify what the Commission must do to suspend or revoke a license

(1)after hearing, have the authority to suspend or revoke the license

of a licensee or impose other disciplinary sanctions authorized under

AS08.01.075 on a licensee who

(A) with respect to a real estate transaction

(i) made a substantial misrepresentation;

(ii) made a false promise likely to influence, persuade, or induce;

(iii) in the case of a real estate broker, pursued a flagrant course of

misrepresentation or made a false promise through another real estate

licensee;

(iv) has engaged in conduct that is fraudulent or dishonest;

(v) violates AS 08.88.391; conflict of interest

(B) procures a license by deceiving the commission, or aids another to

do so;

(C) has engaged in conduct of which the commission had no knowledge

at the time the licensee was licensed demonstrating the licensee's

unfitness to engage in the business for which the licensee is licensed;

(D) knowingly authorizes, directs, connives at or aids in publishing,

distributing, or circulating a material false statement or

misrepresentation concerning the licensee's business or concerning real

estate offered for sale, rent, or lease, or managed in the course of the

licensee's business in this or any other state or concerning the management

of an association in the course of a licensee's business in this or another

state;

(E) if a real estate broker, willfully violates AS 08.88.171 (d); Entitlement to a license, or

08.88.291; location of office

(F) if an associate real estate broker, claims to be a real estate

broker, or, if a real estate salesperson, claims to be a real estate broker or

associate real estate broker;

(G) if a real estate broker, employs an unlicensed person to perform

activities for which a real estate license is required;

(H) if an employed real estate licensee of a real estate broker, fails

immediately to turn money or other property collected in a real estate

transaction over to the employing real estate broker;

(2) prosecute, through the Department of Law, violations of the

(3)

(3) release for publication in a newspaper of general circulation in the

locale of the offending person's principal office registered with the

commission notice of disciplinary action taken by the commission against a

person licensed under this chapter;

3. If a Broker dies or becomes legally incompetent, the Commission can issue a temporary

permit to a person handling the estate to conclude the affairs of the business

4. Administratively the Commission:

a) collects fees and issues receipts

b) keeps records of receipts and payments

c) sends out and receives application forms

d) tells people if their applications have been accepted

e) sets exam dates

f) publishes notice of exam 30 days prior

g) prints exams

h) provides space for holding exam

i) tells applicants of exam results

j) proctors exam

k). prints and sends out licenses and pocket identification cards

l) sends out renewal notices before 12/1

m) keeps up-to-date list of licensees

n) hires secretarial assistants

o) answers requests for information

p) prints and sends out forms and bulletins

q) keeps records and completed forms

r) keeps record of suspended and revoked licenses

s) keeps record of office registrations

t) keeps and sells roster of licensees in the State

u) may sponsor and conduct educational seminars

5. Assistants; The commission may assign assistants to:

a) Issue licenses

b) prepare questions for examinations

c) Administer and grade examinations

d) Certify courses required by statute

e) Approve instructors to teach said courses

(4)

REAL ESTATE LICENSEE TITLES

BROKER

A person who operates his own real estate business or acts as a Broker for a corporation,

partnership, limited partnership, or limited liability company.

ASSOCIATE BROKER

A person working in the office of a-real estate Broker and has passed the Broker's exam.

SALESPERSON

A person who works for a Broker in an office.

REQUIREMENTS FOR LICENSING

A. PREREQUISITES FOR LICENSING

1. Pass the appropriate exam and complete the required pre-licensing education.

2. Not be under indictment for forgery, theft, extortion, conspiracy to defraud or other felony

showing untrustworthiness or completed sentence for same.

3. Apply for a license within 6 months of taking the exam.

4. Pay the appropriate fees, to include recovery fund fee of $91

(2010 Change).

5. Must answer “NO” to all questions dealing with felony indictments or convictions and

license actions.

B. SPECIFIC REQUIREMENTS FOR A SALESPERSON.

1. At least 19 years old.

2. Must have completed the 40 hour state approved salesperson pre-licensing course.

3. Work for a licensed Broker.

4. If ever convicted of a felony, the sentence must have been served.

5. Must answer "NO" to all questions on the form dealing with felony indictments or

convictions and licensing actions.

C. ADDITIONAL REQUIREMENTS FOR AN ASSOCIATE BROKER

LICENSE

1. 24 months continuous and active service as a salesperson, 21 years old.

2. Must have completed the 15 hour state approved broker pre-licensing course.

3. Passed the Brokers exam and completes the required continuing education.

4. Be affiliated with a licensed Broker.

5. 7 years must have passed completion of sentence.

6. Must answer "NO" to all questions on the form dealing with felony indictments or

convictions or license actions.

D. ADDITIONAL REQUIREMENTS FOR A BROKERS LICENSE

1. 24 months continuous and active service as a salesperson, 21 years old.

2. Must have completed the 15 hour state approved broker pre-licensing course.

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3. Must own a real estate business or be a Broker for a Corporation, partnership, limited

partnership, or limited liability company.

4. Corporation, partnership, limited partnership, or limited liability company can have only

one Broker.

5. 7 years must have passed completion of a sentence for a felony conviction.

6. Broker keeps license as long as fees are paid and he continues to work as a Broker for a

Corporation, partnership, limited partnership, or limited liability company or owns his own

business and completes the required continuing education.

7. May become an Associate Broker by going to work for a broker. He simply sends in his

Brokers license, pays the fees and receives and Associate Brokers license.

. Must answer "NO" to all questions on the form dealing with felony indictments or

convictions and license actions.

E. EXAM AND TEST SCORE

1. Exam must be given once a year.

2. Two tests: Broker's and Salesperson’s.

3. 4 hours are allowed for test.

4. Examinee may take the test as often as it is given however, the examinee must pay

each time the test is taken.

Content and purpose of examination.

(a) The real estate examinations may include questions on real estate

business ethics and standards; arithmetic and accounting; elementary

principles of land economics and appraisal; the general principles in state

statutes relating to deeds, mortgages, real estate contracts, subdivisions,

common interest communities, legal descriptions, building restrictions,

agency, brokerage, disclosure requirements, trust accounting requirements,

and landlord and tenant law; property management ethics and standards;

community association management operations, ethics, and standards; and

the general provisions of this chapter and of the regulations of the

commission.

(b) The real estate salesperson examination covers the same subjects

as the real estate broker examination, but is less difficult.

(c) The only purpose of an examination under this chapter is to

disqualify those whose lack of ability to participate in real estate

transactions would create a serious risk of serious financial loss to

members of the public.

F. APPLICATION FOR LICENSE

1. Examinees that complete the 40 hours of pre-licensing education and pass

the state real estate salesperson test have 6 months to find an employing Broker and to

pay the corresponding license and recovery fund fees.

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form provided by the commission.

3. Salesmen and Associate Brokers must be sponsored by a Broker.

4. License is turned over to the Broker for display.

5. Licensee receives a duplicate pocket part

6. New licensees, associate brokers and brokers must complete 30 hours of

specific post licensing education in the first 12 months of licensure to

maintain the license.

G. LICENSE BY ENDORSEMENT ( OUT OF STATE LICENSES )

1. Person with a valid, active out of state license for at least one year may take only the

State portion of the exam for same type of equivalent Alaska license, but must complete

required pre-license (6 hours AK Real Estate Law) and continuing education requirements.

MAINTAINING AN ACTIVE LICENSE

VALIDITY

1. Valid so long as the licensee continues in the business and pays the required fees, and

does not have a disciplinary suspension or revocation and completes the required

continuing education.

2. If licensee issues a check to the commission for application of license, and it is returned

for "NSF", the licensee must reimburse the commission for the check and all fees as

required or within three months of applicant's receipt of the department's first notice or

license will be revoked.

ACTIVITIES REQUIRING A LICENSE

1. The following activities require licensure:

a. selling, exchanging, renting, leasing, auctioning, or buying real estate.

b. listing real estate for sale, exchange etc.

c. collecting fees (rent) for properties or collect fees for property management or association

management. Practice, negotiate or contract to practice property management or

association management.

d. dealing in real estate options for the improvement purchase, lease of real property.

e. helping to find a buyer.

f. presenting oneself to the public as doing any of these things.

g. trying to offer to do any of the above or accepting a fee for any of the above activities.

h. an employee providing any of these services must be licensed.

i. To conduct an auction, a person must hold a real estate license and complete an

auctioneering program. A Broker or associate broker must supervise the auction.

2. LICENSE REQUIREMENTS APPLY WHETHER COMPENSATION IS PAID OR NOT.

3. REVIEW OF LICENSE APPLICATIONS

a. An applicant who meets the requirements on the relevant checklist set out in this section

has demonstrated the necessary qualifications for the license applied for. An applicant who

does not meet the requirements on that checklist or whose responses on the form for

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issued a license unless the commission further reviews the application and determines that

the applicant meets the qualifications in AS 08.88 and this chapter for that license.

COMMUNITY ASSOCIATION MANAGEMENT

A. Fidelity bond for community association managers.

(1) If the board of directors of a community association allows a broker to exercise

control over community association fees or other community association funds, the broker

must provide evidence to the commission that the broker is covered by a blanket fidelity

insurance bond. The bond may be in the name of the broker with the association as an

additional insured or in the name of the association with the broker as an additional insured.

The bond must cover the maximum funds that will be within the control of the community

association manager at any time while the bond is in force. The commission may grant an

exemption from the bonding requirement of this subsection if the commission determines

that the community association manager has equivalent comparable coverage or that

coverage is unavailable. The commission may adopt regulations to implement this

subsection, including regulations concerning the minimum coverage and terms of coverage

that are required and proof of bond and the granting of exemptions.

(2) If a loss covered by the fidelity bond required under this section is also reimbursable

from the real estate recovery fund, the owners' association that suffered the loss may not

recover under the bond until the association has filed a claim for reimbursement under AS

08.88.460 and proceedings relating to the claim are concluded.

B. Limitations on community association managers.

A licensee may not, within the practice of community association management, exercise

control over the

(A) reserves or investment accounts of a community association;

(B) operating account of a community association unless

(1) allowed under a contract that has been approved by the association's board of

directors; and

(2) duplicate financial statements concerning the account are sent by the institution

holding the account to the licensee and the association's board of directors at separate

addresses.

Making of transactions.

An active real estate salesperson or associate real estate broker may

perform activities for which a real estate license is required only through

the real estate broker who employs or contracts with the licensee. All

money or other proceeds collected in trust and related to a real estate

transaction shall immediately be turned over to the broker or the broker's

authorized representative.

Listings or management contracts.

All real estate listings or management contracts must be in writing and

(8)

client or an authorized representative of the client for whose benefit the

real estate licensee will act. All real estate exclusive listings or

management contracts must have a definite expiration date that may be

renewed or extended only by a written agreement signed by the client or the

client's authorized representative.

EXCEPTIONS TO THE LICENSE LAW

A. The following activities or actions exempting an individual from needing an Alaska Real

Estate License

1. Selling your own property as long as the compensation does not include part of the

commission paid to the real estate licensee in the transaction.

2. Power of Attorney (limited to 2 transactions per year.)

3. A lawyer performing his duties.

4. Public official in his regular duties.

5. Person acting under court order.

6. Receiver, trustee, administrator, executor or guardian.

7. Person under will or trust.

8. Person dealing in mineral rights.

9. Corporation with land of its own.

10.Resident manager of rental property.

11. A bookkeeper or accountant performing bookkeeping or accounting

functions;

12. A secretary or receptionist in a real estate office accepting rent

or association fees and providing a written receipt for the rent or fees

when a tenant or community association member delivers the rent or fees

to the real estate office;

13. Tradesmen or vendors of services performing maintenance and repair functions;

14. An employee of a real estate firm or of a property owner delivering or accepting a real

estate contract or application, or a related amendment, to or from another person;

15. An individual assisting in the performance of real estate activities only by carrying out

administrative, clerical, or maintenance tasks;

16. The management of a total of four or fewer residential units by a

natural person for other persons;

17. Community association management for property organized under

AS 34.07 or AS 34.08 by a resident owner of a unit in the property if the

owner is a member of a self-managed community association for the

property;

18. Community association management by a developer of property organized under AS

34.07 or AS 34.08 during the period that the developer retains control of at least 51 percent

of the property;

19. A mobile home dealer licensed under AS 08.67 performing within

the scope of the dealer's license; or

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20. The management by a natural person of property for another person without a fee other

than the reimbursement of expenses.

21. An attorney in fact who, for a relative, acts under a power of attorney that authorizes the

consummation of a specific real estate transaction; in this paragraph, "relative" means a

spouse or a great grandparent, grandparent, parent, uncle, aunt, sibling, child, nephew,

niece, grandchild, or great grandchild by the whole or half blood or by marriage but does not

include a relative who is only related through a step relationship, such as a stepbrother or

the child of a stepbrother, except that "relative" includes a stepchild;

B. Notwithstanding that, under this section, a person is exempt from

this chapter, AS 08.88.401 prohibits a licensee from knowingly paying to that person any

part of a fee, commission, or other compensation received by the licensee in buying, selling,

exchanging, leasing, auctioning, or renting real estate.

MISCELLANEOUS LICENSE RULES

MOVING TO ANOTHER OFFICE

To move your license to another brokerage, you must do the following:

1. The terminating broker shall sign and date the front of the license certificate, give a copy

to the licensee and return the original to the commission.

2. The licensee shall provide the new broker with a copy of the signed license certificate

and provide the commission with a completed application for

license transfer.

3. After applying for transfer the licensee may work no more than 30 days while waiting for

an amended license. The new employing broker shall keep a copy of the signed license

and application of transfer until the new license is received.

INACTIVE STATUS

An inactive Real Estate Salesperson is a licensee who HAS NOTIFIED the Commission

that they will no longer be active in real estate. They turn their license over and receive an

inactive license.

1. You must formally request inactive status.

2. 2 years on inactive status are allowed without re-examination with proof of continuing

education requirements.

3. Must pay renewal fee.

4. Must meet requirements for initial license after 24 months.

LAPSED LICENSE

A lapsed license: the licensee is no longer active in real estate however, THEY DID NOT

FORMALLY notify the commission of their new status.

1. Can reinstate with proof of continuing education and payment of fees within 24 months.

2. Must meet requirements for initial license after 24 months.

(10)

ADDITIONAL BROKER RESPONSIBILITIES

A Broker must do the following:

l. Maintain a place of business.

2. Hire and fire personnel.

3. Pay licensee for services performed.

4. Direct and supervise activities of his licensees.

5. Maintain records for 3 years.

6. Maintain trust accounts.

PLACE OF BUSINESS

A. When applying to the commission to open up a place of business, the Broker must

provide the Commission the following information:

l. Name and License #.

2. Office name, location, mailing address, & phone#.

3. Bank account numbers (trust accounts)

4. Name, address and license numbers for salesmen and Associate Brokers.

B. He must also do the following:

1. Display certificates in branch where most work is done for each licensee.

Certificates displayed under this section must be displayed where

they are available for public clients and customers to verify the current

active status of licensees working in the office.

2. Register branch offices.

3. Must have an Associate Broker in charge of each branch office. It must be the

Associate Brokers principal place of business.

4. Broker must be in charge of the Associate Broker (supervises Associate Broker in

charge of branch office).

5. Hire and fire all personnel.

6. Broker must pay ALL commissions, referrals, finders fees, etc.

7. Must make sure listings are in writing and that all exclusive listings have a specific

expiration date.

** When a commission is earned. when the broker has fulfilled terms of a written personal

services contract.

**A licensee must process all transactions through his broker including own.

** All monies collected must be turned over to the Broker.

HOME OFFICES

An associate broker or salesperson working out of a home office that is not a principal office

or a branch office may not

(1) give the appearance or impression that the home office is a principal office or a branch

office;

(2) display a sign at the home office showing the name of the real estate business; or

(3) use the address of the home office in any form of advertising, business letterhead, or

business cards for the real estate business; the licensee must use the address of the

principal office or branch office from which the associate broker or salesperson conducts

real estate business.

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TRUST ACCOUNTS

Audits of Trust Accounts

A. Noticed Audit

1. Must take place between 8-5 Monday -Friday

2. 72 hours prior notice will be given for a noticed audit.

B. Non-noticed Audit

1. Must take place during regular business hours.

2. Broker can request a 24 hr. delay, however records will be sealed

TRUST ACCOUNT MANAGEMENT

1. Trust accounts are bank accounts established by the Broker for purposes of keeping

separate earnest monies. Must be a demand account and must be called “trust account” or

“trustee account”.

2. If interest is paid on the account, that fact must be disclosed. The interest may not

belong to the broker to avoid commingling of funds. .

3. NO MORE than $100.00 of Broker’s OWN MONEY may be on deposit for maintenance

fees or commingling of funds occurs. Trust monies may not be used for maintenance of the

account or conversion of trust funds occurs.

4. Records must include:

a. Deposit slips

b. Checks and check records

c. Ledger, deposits and withdrawals logged.

5. Personal property ledger must identify that it is personal property.

6. MUST reconcile accounts monthly.

7. Salesperson’s Commissions cannot be paid out of trust. Broker’s commissions must be

withdrawn from the trust account within 15 days of the close of the transaction and must be

separate and identified with the specific transaction.

8. Signatures to account may be designated by Broker.

9. 5 days are allowed to deposit except for exceptions in Alaska Statutes.

10. NO MORE THAN 15 days are allowed to withdraw monies from account after the

transaction is closed.

11. Each property management and community association account will be assigned a

transaction code for tracking. Funds from different community association accounts will not

be commingled.

12. Non cash deposits in lieu of earnest money must be authorized by the seller and the

broker must inform the principals in the transaction of the measures taken to safeguard it.

ACCOUNTS; RECORDS OF TRANSACTIONS

(a) A real estate broker shall

(1) keep a complete record, for three years, of all real estate transactions in which the broker or employed licensees of the broker engaged;

(2) provide upon request to any principal in a transaction an accounting for all money or other property collected or held in the course of each transaction;

(3) keep a separate trust account in a bank into which the broker shall deposit all earnest money deposits, purchase money, security deposits, contingency funds, collected rental money, rental

(12)

receipts, or other money collected in trust until it is appropriate for the broker to distribute the money to the proper persons;

(4) if authorized by the board of directors of a community association

to collect, control, or disburse association funds, keep a separate account in a financial institution for the funds;

(5) make available to the commission, on request, account records and all other documents that the commission may require in order to conduct an investigation or to audit an account required under this section;

(6) if records are delivered to a partnership, corporation, or business

entity other than another licensed broker upon termination of employment, ensure by contract the maintenance and availability of those records for a minimum of three years in accordance with this section.

(b) A real estate licensee

(1) shall keep, for a minimum of three years, a complete record of all real estate transactions in which the licensee was a principal;

(2) who maintains records concerning management or sale of the

licensee's own properties or the licensee's client properties separate from the broker's file, shall retain those records for a minimum of three years;

(3) shall make available to the commission, on request, records and other documents that the commission may require to conduct an investigation;

(4) shall promptly deposit community association funds or proceeds from periodic community association assessments into either a community

association reserve account or a community association operating account; if, at any time, the community association operating account contains more money than is estimated to be needed for budgeted expenditures for the subsequent three months, the licensee shall transfer the excess funds to the community association reserve account as soon as practicable; (5) may not commingle funds of a community association with funds of another community association or with the licensee's funds.

(c) For the purposes of this section, the three-year requirement for records maintenance begins at the initiation of a transaction and continues, as applicable, until three years after the date:

(1) a listing agreement ends;

(2) a sales transaction closes or otherwise ends; (3) a management contract ends; or

(4) another contractual or fiduciary obligation ends.

When commission is earned.

A commission is earned when the real estate broker fulfills the terms of a

written personal services contract.

Prohibited conduct; penalties.

(A) A person licensed under this chapter may not falsely represent to

(1) have been awarded a degree or other designation;

(2) be a member or an affiliate of a professional organization; or

(3) be a member of a franchise or other business association.

(13)

(B) A person

(1) who is not a real estate broker licensed in this state may not

accept a fee or a commission for performance of an act for which a license

is required by this chapter except that a real estate broker validly licensed

in another state may accept a fee or commission or a portion of a fee or

commission for assisting a real estate broker licensed in this state in the

performance of an act for which a license is required by this chapter;

(2) who is an associate broker or a real estate salesperson licensed in

this state may accept a fee or commission for performance of an act for

which a license is required by this chapter only from the licensee's

employing broker, except that the wages of a person who is engaged as a

licensed assistant under AS 08.88.398 may be accepted by the person from

the assistant's employer.

(C) A person licensed under this chapter may not knowingly make,

authorize, direct, or aid in the publication of a false statement or

misrepresentation concerning land or a subdivision or other real estate

offered for sale, lease, or rent or concerning an association being managed.

(D) A person licensed under this chapter may not knowingly pay any

part of a fee, commission, or other compensation received by the licensee

in buying, selling, exchanging, leasing, auctioning, or renting real estate to

(1) a person who is not licensed under this chapter, except as provided

in the exceptions of this section;

(2) another licensee, except through the licensee's responsible broker; or

(3) another licensee knowing that the other licensee intends to pay all

or a portion of that which is received to a person who is not licensed under

this chapter.

(E) The prohibition of (D)(1) of this section does not prohibit:

(1) payments by a licensee to a person licensed to perform real estate

activities in another jurisdiction if the other person has assisted the

licensee in the performance of an act for which a license is required by this

chapter; or

(2) payments from a real estate licensee to a principal as part of the

resolution of a dispute regarding the terms of a transaction or regarding

the property transferred.

(F) A person may not

(1) use or attempt to use a license issued under this chapter that was

issued to another person;

(2) give false or forged evidence to the commission or to a

representative of the commission in an attempt to obtain a license;

(3) impersonate an applicant under this chapter;

(4) knowingly use or attempt to use an expired, suspended, revoked, or

nonexistent license; or

(5) falsely claim to be licensed and authorized to practice under this

chapter.

(14)

(G) A person who violates this section, AS 08.88.161 (License Requirements), or

08.88.396 ( Agency Disclosure) is guilty of a class A misdemeanor.

Preparation of documents.

A person licensed as a real estate broker, associate real estate broker, or real estate

salesperson under this chapter may prepare real property contracts, earnest money

agreements, leases, and other documents related to real property if the documents are

prepared by the person in the course of the person's work as a licensed real estate broker,

associate real estate broker, or real estate salesperson under this chapter.

DISCIPLINARY ACTION

A. Unlicensed Activity

1. Broker paying unlicensed person or licensed person knowing the other licensee intends

to pay all or a portion of the commission to an unlicensed person.

2. Paying another licensee employed by another Broker.

3. Accepting fees from other than your own Broker.

4. Inactive licensee doing acts requiring licensure.

5. Lapsed licensee doing acts requiring licensure.

6. Practicing before license is delivered.

7. Failing to transfer or inactivate when broker loses license.

8. Broker operating a branch without Associate Broker in charge.

9. Salesman operating an office without a Broker in charge.

10. Broker failing to maintain a place of business.

B. Civil penalty for unlicensed or unauthorized practice.

(1) In addition to penalties prescribed by any other provision of law, if

a person engages or offers to engage in an activity for which a license is

required without being licensed or authorized to engage in the activity in accordance with

the provisions of this chapter, the commission may enter an order levying a civil penalty.

(2) A civil penalty may not exceed $5,000, or the amount of gain realized plus $5,000,

whichever is greater, for each offense.

(3) Before entering an order, the commission shall send the person written notice of the

proposed order that grants the person a 30-day period during which the person may

request a hearing on the record. The commission may issue subpoenas to compel the

attendance and testimony of witnesses and the disclosure of evidence and may request the

department to bring an action to enforce a subpoena.

(4) A person aggrieved by the levy of a civil penalty under this section

may file an appeal with the superior court for judicial review of the

penalty.

(5) If a person fails to pay a civil penalty within 30 days after entry of

an order, or within 10 days after the court enters a final judgment in favor of the commission

of an order stayed pending an appeal, the commission may initiate other action to recover

the amount of the penalty.

(15)

C. Duties with Relationship to Seller

1. Cannot advertise without written authority of owner.

2. Accepting ANYTHING other than cash as earnest money without owners consent.

Identify it as such on the earnest money agreement.

3. Withholding any offer until one is accepted by seller.

D. Misrepresentation

1. Obtaining a license with false information.

2. Engaging in unethical practices without Commission being aware before licensing.

3. Engaging in forgery, embezzlement, larceny, extortion, conspiracy to defraud, or other

offenses.

4. A Broker failing to report location or change of location of his business.

5. A Broker letting others use his license.

6. Claiming to have a different license (i.e. Saying you are a broker when you have a

salesman's license)

7. Calling oneself a Realtor without being a member of NAR.

8. False statements.

9. Advertising a property without the Broker's business name.

10. False promise by Broker through salesman or Associate Broker.

E. Conflict of Interest

(a) A real estate licensee must disclose a conflict of interest to the person/s adversely

affected or their real estate licensee and confirm that conflict in writing to the person/s

adversely affected by that conflict or their real estate licensee as soon as possible after the

conflict is identified:

and confirm the conflict of interest in writing on a form entitled

DISCLOSURE OF

CONFLICT OF INTEREST

(underlined and in bold) to the principals or agents of the

principals involved in the transaction as soon as possible after the initial substantive

contact.

(b) The failure of a licensee to disclose a conflict of interest as

required under this section does not give rise to a cause of action by a

private person. However, the commission may, under AS 08.88.071 , impose

a disciplinary sanction for violation of this section, and a claim may be

filed by a private person under AS 08.88.460 if the violation constituted

fraud, misrepresentation, or deceit and the person suffered a loss as a

result of the violation.

(c) In this section, "conflict of interest" is when a licensee

(1) has a present ownership or leasehold interest in the property that

is the subject of a transaction;

(16)

marketed or considered for purchase or lease;

(3) represents a relative, as defined in AS 08.88.900 (19), or a person

with whom the licensee has a financial relationship if the relative or

person has a present financial interest in the property being marketed or

considered for purchase or lease;

(4) receives compensation from someone other than a party to the

contract or another party having a financial interest in the transaction; or

(5) receives compensation for community association management

while simultaneously engaged as a property manager for a unit within the

community association.

(d) Acts which by themselves "do not" amount to adverse or detrimental acts or conflicts of

interests:

(1)If you show real estate not owned or leased by the seller/landlord to prospective

buyers/tenants, or list competing properties for sale or lease.

(2)The representation of more than one seller/landlord by you or by a different licensee

working for the same broker in competing transactions involving the same buyer/tenant

(3)If you show real estate in which the buyer/tenant is interested to other prospective

buyers/tenants.

(4)Act as a neutral licensee

(5)If you disclose confidential information to your broker for the person to whom you are

providing specific assistance for the purposes of seeking advice or assistance.

RECOVERY FUND

A. The recovery fund provides indemnification for all licensees UP TO $15,000 PER

TRANSACTION for judgments awarded by courts and or the Commission.

B. Claims against one licensee are LIMITED TO A TOTAL of $50,000.

C. Recovery fund provides a source of funding for education when the fund balance

exceeds $250,000. Maximum fund balance is $500,000.

D. The fee currently charged is $125.00

for TWO YEARS per licensee.

E. Repayment in full does not nullify or modify other disciplinary actions.

If the recovery fund pays out a claim against a licensee, the licensee will have to repay the

amount before engaging in licensed activity again.

F. Claims for payment;

(a) a person seeking an award from the recovery fund for a loss suffered in a real estate

transaction as a result of fraud, an intentional tort, deceit, or the conversion of trust funds or

the conversion of community association accounts under the control of a community

association manager on the part of a person licensed under this chapter shall:

1. a. obtain a final judgment from a court of competent jurisdiction,

b. a final arbitration award,

c. or a settlement agreement with a licensee

2. submit an affidavit describing the efforts made to collect the final judgment,

final arbitration award, or settlement agreement

(17)

(b) A copy of a claim filed with the commission shall be sent to each real estate licensee

alleged to have committed the misconduct resulting in losses, to the principal real estate

broker employing a licensee alleged to have committed the conduct resulting in losses, and

to any other real estate licensee involved in the transaction at least 20 days before any

hearing held on the claim by the commission.

(c) Within seven days after receipt of notice of a, each real estate licensee against whom

the claim is made may elect to defend the claim as a small claims action in district court

under small claims if the claim does not exceed the small claims jurisdictional limit. An

election to defend a claim in district court under the small claims rules may not be revoked

by the real estate licensee without the consent of the claimant. Upon receipt of a valid

written election under this subsection, the commission shall dismiss the claim filed with the

commission and notify the claimant that the claim must be brought as a small claims action

in the appropriate state court.

(d) A claimant under this section shall pay a filing fee of $250 to the

commission at the time the claim is filed. The filing fee shall be refunded if:

(1) the commission makes an award to the claimant from the real estate

recovery

fund;

(2) the claim is dismissed under (c) of this section; or

(3) the claim is withdrawn by the claimant before the commission holds a

hearing

on the claim.

(e) If the claim is for a loss incurred as a result of acts or omissions occurring in the course

of the licensee's practice of community association management, only the owners'

association for which the real estate licensee practices community association management

may file a claim under this section.

G. Consideration of application.

(a) Upon receipt of a claim for reimbursement, the commission may, in

considering whether a claim should be granted,

(1) take and hear evidence pertaining to the claim;

(2) administer oaths and affirmations;

(3) compel, by subpoena, the attendance of witnesses and the production of books,

papers, and documents pertaining to the claim;

(4) engage the services of an investigator, accountant, or other expert necessary to

process the claim.

(b) A certified or authenticated copy of a record, including a transcript

of testimony, of a hearing held under AS 08.88.071 (a)(3) in which fraud,

misrepresentation, deceit, or conversion of trust funds or the conversion of

community association accounts under the control of a community

association manager on the part of a real estate licensee is established

may constitute sufficient evidence to support a finding that a claim should

be paid.

(c) Before the commission finds that payment should be made from the

real estate recovery fund, each real estate licensee against whom the claim

is made shall be afforded an opportunity to file with the commission,

(18)

within 10 days after receipt of notification of the claim under AS

08.88.460 (b), either a written statement in opposition to the claim or an

application for the presentation of additional evidence.

(d) The claimant bears the burden of proof of establishing that the

claimant suffered losses in a real estate transaction as a result of fraud,

misrepresentation, deceit, or the conversion of trust funds or the

conversion of community association accounts under the control of a

community association manager on the part of a real estate licensee and

the extent of those losses. All facts shall be established by a

preponderance of the evidence.

(e) The commission may postpone consideration of a claim until after a

hearing or until after a pending or contemplated court proceeding is completed.

H. Findings and payment.

At the conclusion of the commission's consideration of a claim made under

AS 08.88.460 , it shall make written findings and conclusions on the

evidence. If the commission finds that the claimant has suffered a loss in a

real estate transaction as a result of fraud, misrepresentation, deceit, or

the conversion of trust funds or the conversion of community association

accounts under the control of a community association manager on the part

of a real estate licensee, the commission may award a claimant

reimbursement from the real estate recovery fund for the claimant's loss up

to $15,000. Not more than $15,000 may be paid for each transaction

regardless of the number of persons injured or the number of parcels of

real estate involved in the transaction.

I. Hearing costs.

(a) The commission may charge to the real estate recovery fund the costs of a hearing

on a claim for reimbursement held. The commission shall deposit into the real estate

recovery fund amounts recovered for these costs from the licensee or from other parties.

(b) An amount charged to the fund by the commission for costs under

(a) of this section may not be considered in determining the maximum

reimbursement to be awarded or in determining the maximum liability of the real estate

recovery fund.

J. Payment of small claims judgment.

If a claim originally filed with the commission is dismissed and is heard as

a small claims action and the claimant prevails in the small claims action against a real

estate licensee, the commission shall make an award from the fund of any outstanding

portion of the small claims judgment on receipt of a copy of the final judgment and an

affidavit from the claimant stating that more than 30 days have elapsed since the judgment

became final and that the judgment has not yet been satisfied by the licensee determined

responsible. After payment of a small claims judgment, the commission is subrogated to the

claimant's rights in the judgment.

(19)

K. Maximum liability.

(a) The maximum liability of the real estate recovery fund may not

exceed $50,000 for any one real estate licensee.

(b) If the $50,000 liability of the fund as provided in (a) of this section is insufficient to pay

in full the valid claims of all persons who have filed claims against an individual licensee,

the $50,000 shall be distributed among the claimants in the ratio that their individual claims

bear to the aggregate of valid claims, or in another manner that the commission considers

equitable. Distribution shall be among the persons entitled to share in the recovery without

regard to the order in which their claims were filed.

L. Order of claim payment.

If the money deposited in the real estate recovery fund is insufficient at a

given time to satisfy a duly authorized claim against the fund, the

commission shall, when sufficient money has been deposited in the fund and

appropriated, satisfy unpaid claims in the order that the claims were

originally filed, plus accumulated interest at the rate of eight percent a

year.

M. False claims or documents.

A person who files with the commission a notice, statement, or other

document required under this chapter that contains a willful material

misstatement of fact, is guilty of a misdemeanor and is punishable by

imprisonment for a period of not more than one year, or a fine of not more

than $1,000, or by both.

N. Disciplinary action against brokers and salesmen.

Repayment in full of all obligations to the real estate recovery fund does not

nullify or modify the effect of disciplinary proceedings brought under the

provisions of this chapter.

LICENSED ASSISTANTS

A licensed real estate salesperson or licensed associate real estate broker

may act as a licensed assistant to a real estate licensee other than the

broker who employs the salesperson or associate broker if

(1) the employment arrangement between the licensed assistant and

the other licensee is in writing and conforms to the applicable state and

federal regulations regarding employment;

(2) the employment of the licensed assistant is approved in writing by

the broker of the licensee who employs the assistant;

(3) the licensee who employs the assistant agrees to be responsible

for paying the licensed assistant's wages and appropriate taxes and

completing the appropriate state and federal tax forms;

(4) the broker of the licensee who employs the assistant agrees to be

liable for the actions of the licensed assistant.

(20)

REAL ESTATE ACTIVITIES OF UNLICENSED PERSONS

A real estate licensee may not employ an unlicensed person to perform any of the activities in

AS

08.88.161, including one or more of the following:

(1) hosting an open house, kiosk, or home show booth;

(2) showing a property;

(3) explaining or interpreting a

(A) contract of purchase and sale; or

(B) listing contract or property management contract, or any other form of service

agreement.

A real estate licensee may employ an unlicensed person to perform administrative,

bookkeeping, clerical,

and maintenance tasks related to real estate for which a real estate license is not required under

AS 08.88 and this

chapter, including

(1) to answer the phone, take messages, and forward calls to the licensee;

(2) to schedule appointments for the licensee; activities allowed under this paragraph do not

include

telephonic solicitation, or soliciting business on behalf of the licensee;

(3) to obtain public information from a courthouse, municipality, or other source of public

information;

(4) to place or remove signs on property;

(5) to input data for listings and changes to a multiple listing service as approved by the

licensee;

(6) to have keys made for property listed by the licensee;

(7) to unlock a property so that it may be viewed or shown by a licensee, remain during the

viewing or

showing, and relock the property;

(8) to draft advertising copy, promotional materials, and correspondence for approval by the

licensee;

(9) to place advertising;

(10) to act as a courier;

(11) to fill in contract forms with business and factual information as directed by the licensee;

(12) to witness signatures;

(13) to assemble file documents;

(14) to follow up on a transaction after a contract has been signed by arranging access to

property for an

appraiser, contractor, inspector, or other service provider as needed;

(15) to record and deposit trust funds, including transaction deposits, security deposits, and

rents;

(16) to compute commission checks;

(21)

(18) to perform office filing;

(19) to order items needed for routine repair;

(20) to perform or supervise maintenance, repair, or building trades work, and answer questions

about that

work; and

(21) to provide security services.

PROPERTY MANAGEMENT

A. A licensee engaged in property management shall conduct such activity in the

registered name of the real estate company with which the licensee is affiliated.

B. A licensee may not conduct property management activity without a prior written

contract. This contract shall include:

l.) the specific responsibilities of the property manager.

2.) the authority and powers given by the owner to the property

manager.

3.) the period of the agreement; and

4.) the management fee.

C. A licensee acting as a property manager may transfer funds between two or more

accounts maintained for the same property if licensee has WRITTEN authorization from the

owner. The licensee shall make entries fully identifying the transaction in each of the ledger

accounts affected.

D. The sale or exchange of a property that is subject to an existing property management

contract must be authorized by specific language in the property management contract or

by a separate listing agreement.

E. A Licensee that

OWNS RENTAL PROPERTY

shall disclose in writing to all tenants and

prospective tenants of that fact and

THE NAME OF THE COMPANY

with which the

licensee is affiliated. FAILURE OF A LICENSEE ENGAGED IN PROPERTY

MANAGEMENT TO DEPOSIT PREPAID RENTS OR SECURITY DEPOSITS IN A TRUST

ACCOUNT AS REQUIRED BY AS34.O3 IS CONSIDERED FRAUDULENT OR

DISHONEST CONDUCT WITHIN THE MEANING OF ASO8.88.O7

LICENSEE RELATIONSHIPS

A. SELLER’S LICENSEE: A. SELLER’S LICENSEE: A person holding a license

under this chapter can represent a prospective seller of real estate.

l) the licensee must give the Seller the ALASKA REAL ESTATE

COMMISSION (AREC) pamphlet concerning licensee relationships before providing

specific assistance to the Seller

2) the Seller must acknowledge receiving the AREC Pamphlet in writing

before providing specific assistance to the Seller

3) The licensee owed general and specific duties to the Seller

4)disclose in writing the person's relationship with each prospective buyer and

obtain a signed acknowledgment that the buyer is aware of the agency relationship

(22)

5) include in the purchase agreement a statement of the relationship between

seller and licensee.

B. BUYER’S LICENSEE: A person holding a license under this chapter shall, when

representing the buyer of real estate, shall:

l) the licensee must give the BUYER the ALASKA REAL ESTATE

COMMISSION (AREC) pamphlet concerning licensee relationships before providing

specific assistance to the Buyer

2) the Buyer must acknowledge receiving the AREC Pamphlet in writing

before providing specific assistance to the Buyer

3) The licensee owed general and specific duties to the Buyer

4) If prospective seller has an unexpired exclusive listing contract for a

property, present an offer to the sellers representative; and

5) disclose in writing to ALL parties to a transaction when the person's

compensation as licensee for the buyer is to be paid by anyone other than the buyer being

represented by the person.

C. Neutral Licensee:

1)A person licensed under this chapter may not act as an neutral licensee for

both a prospective seller and prospective buyer of real estate unless the person has

received the AREC licensee relationship pamphlet and the both the seller have both signed

the pamphlet and the Waiver of Right to be Represented form before showing the property.

2)The licensee owes general and specific duties to the buyer and seller

D. Licensee May Assist Buyer:

1)A person licensed under this chapter may Represent a Seller and Assist the

Buyer if both have acknowledged the AREC Pamphlet accordingly

2)The licensee owes general duties to the Buyer

E. Licensee May Assist Seller:

1)A person licensed under this chapter may Represent a Buyer and Assist the

Seller if both have acknowledged the AREC Pamphlet accordingly

2)The licensee owes general duties to the Seller

F. Licensee may represent a Seller in one transaction and assist that seller as a

buyer in a different transaction.

G. CHANGE IN LICENSEE RELATIONSHIPS:

When a change occurs that makes a prior disclosure incomplete, misleading

or inaccurate, the licensee shall make a revised disclosure in writing, to all parties to the

transaction as soon as possible. The revised disclosure MUST include the date of the

revision and shall be acknowledged in writing by all parties.

(23)
(24)
(25)

Additional duties when you represent one party:

1. UNLESS the parties agree otherwise in writing…

a. You may represent one party and can provide specific assistance to an

unrepresented party in a transaction (this is the old client and customer scenario)

b. You may, with prior written consent of the parties, be a party to the

transaction

c. The parties to the transaction may agree otherwise in writing

EXCEPT for

the general duties which you cannot waive.

2. You may provide specific assistance to both parties in the same transaction as a

neutral

IF you comply with the law

3

. You can work for one party, and another licensee in your same firm can work for another

party in the same transaction so long as the broker designates that each of you represents

that one party.

Note: The broker may also be a designated licensee!

4. You may provide services to someone in a separate transaction, under different licensee

relationships

IF

you comply with the laws for each transaction.

This includes acting as a representing licensee in one transaction, and at the same time not

representing that party in a different transaction.

5. Not to take action that you know is adverse or detrimental to the interest of the person

you represent

6. Disclosure of a conflict of interest to them in a timely manner

7

.

Advising them to obtain expert advice on a matter that relates to the transaction that is

beyond your expertise

8

.

Not disclosing confidential information from or about that person without written consent

9. Working with a seller or landlord: you must make a good faith and continuous effort to

find a buyer or tenant, except that you are not required to seek additional offers if the

property is subject to an existing contract.

10

. Working with a buyer or tenant: you are not obligated to seek additional real estate

when they are party to an existing contract

and

you are not

(26)

General Duties

Duties you owe to everyone with whom you work as a licensee:

1)The exercise of reasonable skill and care

2)Honest and good faith dealing

3)Presentation of all written offers, written notices and other written communications

regardless of whether or not the person is the subject of an existing contract

4)The disclosure of all material facts known by you regarding the physical condition

of real estate if the information substantially adversely affects the real estate or if the

information would materially impair or defeat the purpose of the real estate transaction.

5)Before you provide

“specific assistance,”

or when entering into a contract, you

must provide

a copy of the AREC Pamphlet which outlines the types of relationships

available

6)Before you provide

“specific assistance”

you must obtain the signature on a

document that discloses what relationship you will have with that person

7)

AND

when the person signs an offer there must be a statement

they sign

as to

whom you represent. It must be in a separate paragraph or on a separate document entitled

“Licensee Relationships”

8)and…before someone makes or accepts an offer, you must disclose to that person

whether a murder or suicide occurred on the property that is the subject of the transaction

IF

:

a. The murder or suicide occurred within one year before the date that you

first showed the property and…

b. If you are aware that the murder or suicide occurred on the property

Duties not owed:

1)Disclosure requirements may not be construed to imply a duty to:

2)Investigate a matter that you have not agreed to investigate or is not known by the

seller, buyer, landlord, tenant,

or

3)Disclose,

unless otherwise provided by law, events that have occurred on the real

estate that might affect whether a person wants to buy or lease the real estate

Additional duties when you represent one party:

1. UNLESS the parties agree otherwise in writing…

a. You may represent one party and can provide specific assistance to an

unrepresented party in a transaction (this is the old client and customer scenario)

(27)

b. You may, with prior written consent of the parties, be a party to the

transaction

c. The parties to the transaction may agree otherwise in writing

EXCEPT for

the general duties which you cannot waive.

2. You may provide specific assistance to both parties in the same transaction as a

neutral

IF you comply with the law

3

. You can work for one party, and another licensee in your same firm can work for another

party in the same transaction so long as the broker designates that each of you represents

that one party.

Note: The broker may also be a designated licensee!

4. You may provide services to someone in a separate transaction, under different licensee

relationships

IF

you comply with the laws for each transaction.

This includes acting as a representing licensee in one transaction, and at the same time not

representing that party in a different transaction.

5. Not to take action that you know is adverse or detrimental to the interest of the person

you represent

6. Disclosure of a conflict of interest to them in a timely manner

7

.

Advising them to obtain expert advice on a matter that relates to the transaction that is

beyond your expertise

8

.

Not disclosing confidential information from or about that person without written consent

9. Working with a seller or landlord: you must make a good faith and continuous effort to

find a buyer or tenant, except that you are not required to seek additional offers if the

property is subject to an existing contract.

10

. Working with a buyer or tenant: you are not obligated to seek additional real estate

when they are party to an existing contract

and

you are not obligated to show real estate for

which there is no written agreement to pay you.

Duties NOT owed:

Unless you agree otherwise you do not owe a represented party:

1)To conduct an independent inspection of the property

2)To conduct an independent investigation of a person’s financial condition, or

3)To independently verify the accuracy or completeness of a statement by a party in

a transaction or by a person believed by you to be reliable.

SEE WAIVER OF RIGHT TO BE REPRESENTED

(28)

Duties in a Neutral Relationship

Unless additional duties are agreed to in writing, duties of the neutral are those for all

licensees PLUS the following:

1)Not to take action that you know is adverse or detrimental to the parties

2)To disclose a conflict of interest in a timely manner to all parties

3)Not to disclose without written consent confidential information from or about the

parties

4)To advise all parties to obtain expert advice on a matter relating to the transaction

which is beyond your expertise

5)Not to disclose without the consent of the person to whom the information relates:

a. That the person is willing to pay more than the price offered

b. That the person is willing to accept less

c. That a party will agree to terms other than those offered.

Additional Authorization

A

neutral

does not violate their duties if, with written consent, they engage in the following

conduct in a good faith effort to assist in reaching a final agreement in the transaction:

1)Discussing price, terms, or conditions that each party would or should offer

or accept

2)Analyzing, providing information, or reporting on the merits of the

transaction to each party

3)Suggesting compromises in the parties respective bargaining position

Authorization of the neutral relationship:

1)Before you begin acting as a

neutral

you may obtain preauthorization by

obtaining written consent

2)If preauthorization is not obtained, you must obtain written consent before

you show the real estate

3)Written consent must be provided on the separate form provided by the

AREC

(29)

Duration of Relationship:

1. Your relationship begins when you represent or provide specific assistance and

continues to the earliest of:

a. You complete the representation or specific assistance

b. The relationship term ends

c. The relationship is terminated by mutual agreement

d. One party gives notice to the other

2. The termination does not affect the contractual rights of the parties to the licensee

relationships

3. Except as otherwise agreed to in writing, you do not owe a further duty after termination

EXCEPT for the duties of accounting and not disclosing confidential information

Special Provisions

A licensee is ONLY exempt from the signature requirements when the licensee

provides specific assistance to:

1)A corporation that issues publicly traded securities; or

2)A business that has a net worth in the previous calendar year of $2 Million

or more, if the business requests the exemption from the licensee; or

3)A governmental agency

Vicarious Liability

A seller, buyer, landlord, or tenant is not liable for an act, error, or omission of a

licensee that arises out of the licensee relationship:

1)Unless they participated in or authorized the act, error, or omission and then

only to the extent of the participation or authorization

2)Except to the extent that they benefited from it and a court determines that it

is highly probable that the person claiming damage would be unable to enforce a judgment

against the licensee

Causes of Action

1)A person may not bring a cause an action against a neutral for making a disclosure

that is required or permitted

2)In a civil action for the failure of a licensee to comply with the provisions of this law,

the plaintiff's remedy is limited to recovery of actual damages. This does not limit a person’s

ability to take any other action or pursue any other remedy to which the person may be

entitled under other laws.

(30)

Compensation

1)A broker may be compensated by any party in a transaction, by a third party, or by

any one or more of the parties to the transaction splitting or sharing the commission

2)The payment of compensation to the broker may not be construed to establish a

relationship between the broker and the party who pays

3)If a broker provides specific assistance or enters into a personal services contract,

or if a party enters into a contract to sell, buy, rent, or lease, you shall disclose which party

the licensee anticipates will be paying compensation to the broker/s in the transaction

4)You shall include in the contract a statement indicating which party is paying

compensation to the brokers in that transaction

Policies, guidelines and requirements

Broker must have a written policy that identifies and describes the relationships in which the

broker and licensees may engage, and how the public will be protected. Your policies must

be available upon request to the Commission and the public.

COURSE CERTIFICATION AND INSTRUCTOR APPROVAL

The Real Estate Commission certifies real estate education courses and approves course instructors for the purpose of:

l.) establishing uniform high standards for real estate educational offerings.

2.) assuring that only those courses that cover current and relevant information are certified; and 3.) assuring that instructors meet minimum education and experience requirements.

MINIMUM COURSE REQUIREMENTS

A. To be certified by the commission, a course must meet the following minimum requirements.

l.) Must add to practical knowledge to perform duties as real estate practitioner.

2.) Must be applicable to all areas of the state, but include consideration of unique local circumstances

3.) No references of pass/fail ratio may be included in any material used to advertise the course. 4.) Guest instructors for specialized aspects of the course may be used for a portion of the classroom time, if an approved course instructor is also present.

5.) The course must be taught by at least one instructor approved by the commission to

teach that course topic.

6.) Students must be required to adhere to a strict attendance policy in order to receive

credit for the course.

7.) Students must comp

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