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Become A Real Estate Agent In Alaska
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Alaska or anyone looking to become a real estate agent or realtor in Alaska. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
The State of
Alaska Real Estate Commission, with offices in Anchorage, Alaska, is staffed
by the Division of Occupational Licensing of the Department of Commerce, Community
and Economic Development. The Real Estate Commission adopts the regulations that
govern those with an Alaska real estate agent license. They issue three
types of licenses: a real estate salesperson license, a real estate broker license,
and a real estate associate broker license.
A person holding a broker license either operates his own real estate business
or acts as a broker for a partnership or corporation.
A person holding a salesperson license works in the office of a real estate
broker as an employee or as an independent contractor.
A person holding a associate broker license has met the qualifications
to be a broker but continues to work in association with another broker, rather
than having a business of his/her own.
The requirements to become a real estate agent in Alaska, regardless
of the license type, include passing the appropriate exam and applying for licensure
within six months after passing the exam. Applicants must pay the appropriate
fees and meet the appropriate educational requirements.
Applicants may not be under indictment for any type of felony that implies character
untrustworthiness. Applicants also will not be issued a license if they are not
in substantial compliance with a child support order.
In addition,requirements to become a real estate salesperson in Alaska
include being at least 19 years of age and working for a real estate broker licensed
in Alaska. If the applicant was ever convicted of a felony, the complete sentence
must have been served. To obtain an salesperson license the applicant must satisfactorily
complete 20 classroom hours of approved real estate prelicensure courses.
The requirements to become a real estate broker in Alaska include the
basics listed above for all agents, plus the applicant must have completed 24
consecutive months within the last 48 as a licensed salesperson, and real estate
must have been his/her principal occupation. A person holding an broker license
must either own a real estate business or work as the broker for a partnership
or corporation. A person who has been convicted of a felony that implies character
unworthiness will not be granted alicense until seven years after the
complete sentence has been served.
The requirements to become a real estate agent in Alaska as an Associate
Broker include the basic ones listed above for all agents, plus those
of a regular real estate broker, except that a corporation or partnership can
have only one broker in charge. The second person who meets the qualifications
to have abroker license is considered an associate broker. An associate
broker must have passed the real estate exams and be associated with a
licensed broker. If ever convicted of a felony that implies character unworthiness,
the applicant will not be granted a license until five years after the complete
sentence has been served.
To obtain an real estate broker license the applicant must satisfactorily complete
15 classroom hours of approved education courses in broker training.
The Alaska real estate exams are administered electronically. They are offered
weekly in Anchorage, semi-monthly in Fairbanks, and quarterly in Juneau. The application
fee is $100. For a fee of $50 you can request that the exams be provided at a
different location. The Alaska Real Estate Commission has contracted with Assessment
Systems, Inc. (ASI) of Philadelphia to administer and grade the exams.
You can find all the real estate related formsonline.
Applicants for an real estate salesperson license pay a nonrefundable application
fee of $75.00, a License fee of $315.00, and a Surety Fund fee of $30.00, for
a total of $420.00. The fee for an broker license is $50.00.
To renew a real estate license in Alaska, apply in January of even-numbered
years.
Ten Alaska real estate schools are available both online
and through correspondence. These are approved for all real estate courses and
meet the education requirements for both pre-licensure and brokers. You can locate
the continuing
education catalog here.
The Association of Real Estate License Law Officials (ARELLO)
provides outstanding guidance to help all real estate professionals. Alaska real
estate careers are enhanced by membership in the National
Association of Realtors, and the National Association of Real Estate Brokers
(NAREB). The National Association
of Realtors, the world’s largest professional association, is especially helpful
in locating real estate jobs in Alaska for those interested.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
