Real Estate Commission

Applicants & Licensees

General Information

Types of Licenses

There are three types of real estate licenses. They are:

• Broker: a person who operates their own real estate business or acts as a broker for a corporation or partnership.
• Associate Broker: a person who has met the qualifications to become a broker but continues to work in association with another broker rather than having a business of his/her own.
• Salesperson: a person working in the office of a real estate broker as an employee or independent contractor.

Prerequisites for all Licenses

In accordance with AS 08.88.171, a person desiring to acquire any type of real estate license in Alaska must:

• Pass the appropriate exam.
• Not be under indictment for conspiracy to defraud, or fraud.
• Apply for licensure within six months after passing the exam.
• Pay the appropriate fees [12 AAC 64.073 and 12 AAC 02.360].
• Meet the appropriate education requirements.

What could prevent you from being issued a real estate license?

• Being under indictment for a felony, forgery, theft, extortion, conspiracy to defraud creditors, fraud or other crimes that in the judgment of the commission affects the person’s ability to practice as a real estate licensee.
• If convicted of a felony, forgery, theft, extortion, conspiracy to defraud creditors, fraud or other crimes that in, in the judgment of the Commission, affects the individual’s ability to practice as a real estate salesperson competently and safely, seven years must have lapsed since the individual completed the sentence that was imposed upon conviction.
• Having had a real estate license revoked, denied, suspended, surrendered, placed on probation, or subject of any restriction, censure, reprimand, consent agreement or any other disciplinary or license action in the State of Alaska or any other jurisdiction.
• Ever having a fidelity bond denied or revoked.
• Ever being the subject of an unresolved complaint or disciplinary action before a real estate regulating authority or a professional real estate association or any other professional regulatory entity in the State of Alaska or any other jurisdiction.
• Ever having a lawsuit filed against you alleging deceit, fraud, misrepresentation, or conversion of funds in the State of Alaska or any other jurisdiction.
• Not disclosing to the Alaska Real Estate Commission, all convictions and disciplinary actions regardless of how long ago or where they occurred. All must be disclosed, including convictions that were set aside, expunged or are pending.
• Providing a falsified application or not answering the professional screening questions completely, accurately, and honestly.

When in doubt disclose, disclose, disclose!

Failure to fully disclose all of the required information may result in the denial of an application, the revocation of a license or other disciplinary sanction. Failure to disclose the required information is deemed to be a crucial indicator of a lack of honesty and professional fitness.

A sampling of some of the many excuses from applicants:

• My broker filled out my application and I just signed it.
• The questions on the application were confusing.
• I thought my DUI was only a minor traffic offense.
• I thought my convictions were dismissed some years ago.
• Someone in my office told me I didn’t have to disclose all of my convictions.
• I talked to someone at the REC and they told me I did not have to disclose my convictions.

Signing the application for real estate licensure, your signature (and/or certification) on an application is a representation that the answers provided are honest, accurate, and complete. Providing for a full and accurate disclosure is critical in the real estate world, it is absolutely essential when submitting a real estate application.

New Licensee Information