Title 08 — Business and Professions
52 chapters · 1,415 sections in this title.
AS 08.88.010 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.011 Creation and membership of commission.
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There is created a Real Estate Commission. It consists of seven members.
AS 08.88.020 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.021 Appointment and term of office. [Repealed, § 49 ch 94 SLA 1987. For current law, see AS 08.01.035.]
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[Repealed or reserved.]
AS 08.88.026 Terms of office. [Repealed, § 20 ch 80 SLA 1996. For current law, see AS 39.05.053.]
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[Repealed or reserved.]
AS 08.88.030 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.031 Executive secretary of commission.
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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 shall perform duties as assigned by the commission and may use the title “executive ad…
AS 08.88.034 Investigator of the commission. [Repealed, § 9 ch 74 SLA 1987.]
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[Repealed or reserved.]
AS 08.88.037 Investigation and injunction.
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(a) The commission may request the department to conduct investigations to determine whether a person has violated a provision of this chapter or a regulation adopted under it, or to secure information useful in the administration of this chapter. (b) If it appears to the departm…
AS 08.88.040 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.041 Qualifications of commission members.
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(a) Five members of the commission must be real estate brokers or associate brokers who have been licensed real estate brokers or licensed associate brokers in the state for at least three years before appointment. Two members of the commission must be public members in accordanc…
AS 08.88.050 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.051 Commission meetings and officers.
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(a) The commission shall hold a regular annual meeting. It may hold a special meeting at the call of the chairman or at the request of three commission members. (b) At least two judicial districts shall be represented and at least a majority of the commission members shall be pre…
AS 08.88.060 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.061 Assistants.
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Notwithstanding contrary provisions of AS 08.01.050, the commission may assign or designate assistants to (1) issue licenses to applicants who meet the qualifications for licensure established under this chapter; (2) prepare questions on examinations; (3) administer and grade exa…
AS 08.88.070 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.071 Duties and powers of the commission; grounds for disciplinary sanctions.
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(a) The commission shall (1) determine whether applicants meet requirements for licenses under this chapter and issue licenses to those who qualify; (2) prepare and grade examinations; (3) after hearing, have the authority to suspend or revoke the license of a licensee or impose …
AS 08.88.080 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.081 Commission regulations.
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The commission shall adopt regulations necessary to carry out the purposes of this chapter.
AS 08.88.090 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.091 Education of applicants and licensees.
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(a) The commission may conduct and assist in conducting real estate clinics, meetings, courses, or institutes. The commission may (1) assist libraries and educational institutions in sponsoring studies and programs; and (2) publish informational materials for the purpose of raisi…
AS 08.88.095 Educational requirements after initial license.
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(a) In addition to the continuing educational requirements of AS 08.88.091(d), within one year after the date that the commission issues an initial license under this chapter, the licensee shall complete 30 hours of education approved by the commission under AS 08.88.091. (b) On …
AS 08.88.098 Educational requirements after suspension.
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(a) In addition to the continuing educational requirements of AS 08.88.091(d) and the educational requirements of AS 08.88.095(a), if the commission suspends a license under AS 08.01.075, the licensee shall complete the education required by the commission before the commission m…
AS 08.88.100 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.101 Administrative duties of the commission. [Repealed, § 9 ch 74 SLA 1987.]
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[Repealed or reserved.]
AS 08.88.110 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.111 Commission regulations. [Repealed, § 55 ch 45 SLA 1998.]
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[Repealed or reserved.]
AS 08.88.120 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.121 Sale of register. [Repealed, § 9 ch 74 SLA 1987.]
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[Repealed or reserved.]
AS 08.88.130 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.131 Applicability of the Administrative Procedure Act.
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AS 44.62 (Administrative Procedure Act) applies to regulations and proceedings under this chapter.
AS 08.88.140 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.141 Compensation.
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A commission member is entitled to transportation expenses and per diem allowances specified in AS 39.20.180.
AS 08.88.150 Secs. 08.88.150 — 08.88.160. [Repealed, § 3 ch 95 SLA 1964.]
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Article 2. Licensing.
AS 08.88.161 License required.
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Unless licensed as a real estate broker, associate real estate broker, or real estate salesperson in this state, a person may not, except as otherwise provided in this chapter, (1) sell, exchange, rent, lease, auction, or purchase real estate; (2) list real estate for sale, excha…
AS 08.88.165 Conduct of auctions.
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Notwithstanding AS 08.88.161, a person who is not licensed under this chapter may conduct an auction of real estate if (1) the person has completed an auctioneering program at a school certified by an agency of this or another state, and the program included a course on real esta…
AS 08.88.167 Civil penalty for unlicensed or unauthorized practice.
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(a) 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 under AS 08.88.161 without being licensed or authorized to engage in the activity in accordance with the provisions of thi…
AS 08.88.170 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.171 Eligibility for license.
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(a) A natural person qualifies for a real estate broker license if the person passes the brokers examination, applies for a license within six months after passing the examination, furnishes satisfactory proof of successful completion of the education requirements of AS 08.88.091…
AS 08.88.172 Errors and omissions insurance.
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(a) A person licensed as a real estate broker, associate real estate broker, or real estate salesperson shall, as a condition of licensing, carry and maintain errors and omissions insurance to cover activities for which licensing is required under AS 08.88.161. (b) The department…
AS 08.88.173 Fidelity bond for community association managers.
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(a) 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. T…
AS 08.88.175 Limitations on community association managers.
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A licensee may not, within the practice of community association management, exercise control over the (1) reserves or investment accounts of a community association; (2) operating account of a community association unless (A) allowed under a contract that has been approved by th…
AS 08.88.180 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.181 Content and purpose of examination.
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(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, sub…
AS 08.88.190 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.191 Administration of examination.
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(a) The commission shall offer written examinations at periodic intervals but at least once a year. (b) If the commission authorizes the department to contract with a national testing service to prepare, administer, and grade examinations, (1) the commission or its designee shall…
AS 08.88.200 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.201 Reexamination.
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A person who fails an examination may apply for a subsequent examination, but shall pay the application fee with each application.
AS 08.88.210 [Repealed, § 3 ch 95 SLA 1964.]
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[Repealed or reserved.]
AS 08.88.211 Qualification for examination. [Repealed, § 42 ch 167 SLA 1980. For current law, see AS 08.88.171.]
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[Repealed or reserved.]