Alaska Real Estate Broker — Requirements & Free Practice
US-AK · License preparation
346 free questions · Answer explanations · No signup required
Choose what to practice
Start with an exam below. Your examination requirements depend on your application pathway. View licensing requirements
Combined practice
Choose an exam or combined practice to begin.
Licenses, application pathways and examination requirements
Each license and applicant pathway has its own requirements and exemptions. Choosing practice questions does not determine your eligibility.
Associate Real Estate Broker License
Broker-level licensee employed by a licensed real estate broker.
Licensing authority: Alaska Real Estate Commission / Division of Corporations, Business and Professional Licensing · Application information
Renewal of active license
- Application
- Completed renewal and applicable fees, including recovery fund fee where required.
- Education
- Normally 20 hours: eight designated and 12 elective; a license held 90 days or less at renewal is exempt under 12 AAC 64.500(j).
- Existing License
- Existing license; complete renewal by January 31 of an even-numbered year.
- Insurance
- Maintain required errors and omissions coverage.
- Military Exemption
- AS 08.01.100(f) permits military-service exemptions and continuing education waivers subject to its conditions.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
12 AAC 64.071(b), p. 29, exhaustive active renewal checklist
- Real Estate Commission Statutes and Regulations
12 AAC 64.500(b), p. 45, continuing education
Regular license after release during child support temporary term
- Conversion
- Division issues the regular initial or renewed license under 12 AAC 02.935(b); no further exam is prescribed for this administrative conversion.
- Release
- Agency must issue release before the temporary license expires.
- Temporary License
- Already received temporary license after satisfying applicable initial or renewal qualifications.
Official no-examination sources
Effective from 2026-09-22.
- Occupational Licensing Centralized Regulations
12 AAC 02.935(b), p. 20, conversion after release
- Alaska Statutes Title 25, Marital and Domestic Relations
AS 25.27.244(d), 150-day license and otherwise eligible condition
Conversion of existing broker to associate broker
- Application
- Return previous certificate; transfer application, fees, office registration if becoming broker, insurance and employing-broker information.
- Education
- Satisfy AS 08.88.098 suspension-related education as applicable; AS 08.88.095(f) exempts an existing associate from broker post-licensing education.
- Existing License
- Hold the corresponding Alaska broker-level license.
- New Association
- Be employed by a licensed Alaska broker; submit employing-broker information.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.171(a), p. 6, business and conversion
- Real Estate Commission Statutes and Regulations
12 AAC 64.075(d)-(e), p. 30, transfer/resumption
- License Transfer Application
Instructions, p. 1, transfer/resumption
Resumption after required business association changes
- Application
- Transfer and employment forms, insurance and fees; timely change notice is required.
- Education
- Satisfy AS 08.88.098 as applicable.
- Existing License
- Previously licensed at broker level; status interrupted by loss of required ownership or employment.
- New Association
- Resume the applicable ownership/employment relationship; a designation change uses the conversion route.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.171(b)(1)-(2), p. 6, resumption/conversion
- Real Estate Commission Statutes and Regulations
12 AAC 64.075(d)-(e), p. 30, transfer/resumption
- License Transfer Application
Instructions, p. 1, transfer/resumption
Licensure by endorsement
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Education
- 30 hours of broker training or equivalent education completed within 24 months before application, plus six hours of Alaska real estate and landlord tenant law.
- Employment
- Be employed by a licensed Alaska broker; submit employing-broker information.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Handbook Discrepancy
- July 2026 handbook p. 4 later says “twenty-four (24) months” for applicants not yet brokers, but AS 08.88.171(a)-(b) and the broker checklists require 36 months; the statute governs.
- Insurance
- Submit required errors and omissions coverage.
- License Elsewhere
- Hold a valid active equivalent broker or associate license; licenses lapsed, suspended, surrendered for discipline or restricted for discipline do not qualify. Examinations of another jurisdiction are qualification evidence, not Alaska route leaves.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.263(3) requires post-licensing education if the other license has not been held for one year or more.
- Recent Practice
- Real estate must have been the principal occupation during the immediately preceding six months; supply affidavit and any additional activity verification requested under 12 AAC 64.061(c).
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
- Specific Requirement
- AS 08.88.263(1), 12 AAC 64.059(f)-(g), and application item 4 specifically prescribe the state law portion. AS 08.88.263(2) incorporates remaining broker qualifications; the generic initial two-part rule supplies no separate national demand for endorsement.
Licensure by examination
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Employment
- Be employed by a licensed Alaska broker; submit employing-broker information.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Insurance
- Submit required errors and omissions coverage.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.095 requires 30 hours within one year of initial issuance; subsection (f) exempts a broker licensed immediately beforehand as an Alaska associate broker.
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
Conversion to inactive certificate
- Existing License
- Return certificate, completed inactivation form and applicable fees.
- Post License Lapse
- A license lapsed for failure of AS 08.88.095 education must first be reinstated.
- Practice Restriction
- No AS 08.88.161 licensed activities; may receive commissions for work performed while active.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.251(a)-(b), p. 8, inactive certificate
Renewal of inactive license
- Application
- Completed renewal and applicable fees, including recovery fund fee where required.
- Approval
- Commission approval under AS 08.88.251(d); inactive status authorizes no current practice.
- Education
- Normally 20 hours: eight designated and 12 elective; a license held 90 days or less at renewal is exempt under 12 AAC 64.500(j).
- Existing License
- Existing license; complete renewal by January 31 of an even-numbered year.
- Insurance
- Maintain required errors and omissions coverage.
- Military Exemption
- AS 08.01.100(f) permits military-service exemptions and continuing education waivers subject to its conditions.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.251(d)-(e), p. 8, inactive renewal/term
- Real Estate Commission Statutes and Regulations
12 AAC 64.071(c), p. 29, exhaustive inactive renewal checklist
- Real Estate Commission Statutes and Regulations
12 AAC 64.500(b), p. 45, continuing education
Activation following insurance related suspension
- Insurance
- Provide proof of obtaining errors and omissions insurance; await Commission activation before practicing.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
12 AAC 64.640, p. 49, insurance-related activation
Requalification after 24 months or more inactive
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Employment
- Be employed by a licensed Alaska broker; submit employing-broker information.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Inactive Period
- AS 08.88.251(c) requires initial qualifications after 24 months or more inactive; limited original issuance deadlines are not reopened.
- Insurance
- Submit required errors and omissions coverage.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.095 requires 30 hours within one year of initial issuance; subsection (f) exempts a broker licensed immediately beforehand as an Alaska associate broker.
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
New qualification after lapse exceeding 24 months
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Employment
- Be employed by a licensed Alaska broker; submit employing-broker information.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Insurance
- Submit required errors and omissions coverage.
- Lapse
- License lapsed more than 24 months; AS 08.88.241(b) requires ordinary initial qualifications. A previous limited holder must qualify for the unrestricted identity.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.990(7)(B) excludes AS 08.88.241(b) reinstatement from the definition of initial license for post-licensing education.
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
Restoration after recovery fund suspension
- Education
- Satisfy AS 08.88.095 before suspension is lifted.
- Repayment
- Reach and comply with agreement to repay the recovery fund award.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.071(b), p. 3, recovery suspension lift
Application for issuance after revocation
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Competency
- AS 08.01.075(d) permits restoration only after hearing and a finding of safe and skilled practice.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Employment
- Be employed by a licensed Alaska broker; submit employing-broker information.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Insurance
- Submit required errors and omissions coverage.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.095 requires 30 hours within one year of initial issuance; subsection (f) exempts a broker licensed immediately beforehand as an Alaska associate broker.
- Review
- Commission meeting review under 12 AAC 64.099 and applicable order conditions or statutory waiting periods. Issuance after revocation is an initial license under AS 08.88.990(7)(A)(iv).
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
Permanent license by federal SCRA portability
- Alaska Practice
- Read and certify compliance with Alaska practice laws; submit to Alaska authority for discipline and continuing education. Office, business and insurance duties apply.
- Application
- Military orders, marriage evidence if a spouse, notarized affidavit and primary source license verification; authority may conduct a background check.
- Compact
- A covered interstate-compact license instead follows the compact under 50 U.S.C. 4025a(e).
- Covered License
- Same scope of practice; good standing in every jurisdiction where a license is or was held, with no disqualifying discipline, investigation or surrender.
- Military Relocation
- Service member or spouse relocating under military orders to Alaska.
Official no-examination sources
Effective from 2026-09-22.
- Servicemembers Civil Relief Act
SCRA 705A(a) / 50 U.S.C. 4025a(a), p. 39, portability
- Affidavit for Permanent Professional License under SCRA
Affidavit, p. 1, applicability
- Affidavit for Permanent Professional License under SCRA
Affidavit, p. 1, Alaska compliance/good standing
- Occupational Licensing Centralized Regulations
12 AAC 02.105(17)-(20), p. 5, SCRA license implementation
Reactivation after less than 24 months inactive
- Application
- Apply for active status and pay fees; satisfy business or employment and insurance requirements.
- Inactive Duration
- Less than 24 months.
- Term
- Remainder of the current inactive period under AS 08.88.251(e).
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.251(c), p. 8, duration-specific activation
- Real Estate Commission Statutes and Regulations
AS 08.88.251(d)-(e), p. 8, inactive renewal/term
- Real Estate Commission Statutes and Regulations
AS 08.88.172(a), p. 7
Reinstatement after lapse of less than 24 months
- Application
- Application, license fees, continuing education for inactive/lapsed periods, applicable AS 08.88.095(a) post-licensing education and fee, and errors and omissions coverage.
- Lapse Duration
- Less than 24 months.
- Status
- Reinstatement only as active under 12 AAC 64.071(e).
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.241(a), p. 8, exhaustive reinstatement conditions
- Real Estate Commission Statutes and Regulations
AS 08.88.172(a), p. 7
Return of voluntarily surrendered license
- Competency
- Commission must determine competency to resume practice.
- Fees
- Pay appropriate renewal fee.
- Scope
- Return under AS 08.01.075(e), not new issuance after revocation.
Official no-examination sources
Effective from 2026-09-22.
- Centralized Licensing Statutes
AS 08.01.075(e), p. 6, return after surrender
Reissuance after disciplinary suspension
- Competency
- Commission finds ability to practice safely and with skill.
- Order
- Satisfy all suspension-order conditions, required remedial education and Commission review under 12 AAC 64.099.
- Term
- Reissue the surrendered suspended certificate for its unexpired balance when otherwise qualified.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
12 AAC 64.100, p. 32, suspended certificate reissuance
- Real Estate Commission Statutes and Regulations
AS 08.88.098(a)-(c), p. 4
- Real Estate Commission Statutes and Regulations
12 AAC 64.099, p. 32, review after suspension/revocation
- Centralized Licensing Statutes
AS 08.01.075(d), p. 6, restoration hearing/competency
Temporary Real Estate Broker License — Child Support Noncompliance
150-day, nonextendable license for an otherwise eligible applicant on the child support noncompliance list; underlying initial issuance or renewal qualifications still apply.
Licensing authority: Alaska Real Estate Commission / Division of Corporations, Business and Professional Licensing
Temporary license by endorsement during child support noncompliance
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Child Support
- On child support noncompliance list, but otherwise eligible for the underlying license.
- Duration
- 150 days at start of regular term, no extension, at most one per regular term.
- Education
- 30 hours of broker training or equivalent education completed within 24 months before application, plus six hours of Alaska real estate and landlord tenant law.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Handbook Discrepancy
- July 2026 handbook p. 4 later says “twenty-four (24) months” for applicants not yet brokers, but AS 08.88.171(a)-(b) and the broker checklists require 36 months; the statute governs.
- Insurance
- Submit required errors and omissions coverage.
- License Elsewhere
- Hold a valid active equivalent broker or associate license; licenses lapsed, suspended, surrendered for discipline or restricted for discipline do not qualify. Examinations of another jurisdiction are qualification evidence, not Alaska route leaves.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.263(3) requires post-licensing education if the other license has not been held for one year or more.
- Recent Practice
- Real estate must have been the principal occupation during the immediately preceding six months; supply affidavit and any additional activity verification requested under 12 AAC 64.061(c).
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
- Specific Requirement
- AS 08.88.263(1), 12 AAC 64.059(f)-(g), and application item 4 specifically prescribe the state law portion. AS 08.88.263(2) incorporates remaining broker qualifications; the generic initial two-part rule supplies no separate national demand for endorsement.
Temporary initial license by examination during child support noncompliance
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Child Support
- On child support noncompliance list, but otherwise eligible for the underlying license.
- Duration
- 150 days at start of regular term, no extension, at most one per regular term.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Insurance
- Submit required errors and omissions coverage.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.095 requires 30 hours within one year of initial issuance; subsection (f) exempts a broker licensed immediately beforehand as an Alaska associate broker.
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
Temporary issuance for otherwise eligible existing licensee
- Child Support
- On child support noncompliance list, but otherwise eligible for the underlying license.
- Duration
- 150 days at start of regular term, no extension, at most one per regular term.
- Eligibility
- Existing broker-level licensee otherwise eligible for conversion, short reactivation, short-lapse reinstatement or renewal must satisfy that existing-license pathway; new initial and endorsement applicants use the separate examination routes.
Official no-examination sources
Effective from 2026-09-22.
- Alaska Statutes Title 25, Marital and Domestic Relations
AS 25.27.244(d), 150-day license and otherwise eligible condition
- Real Estate Commission Statutes and Regulations
AS 08.88.251(c), p. 8, duration-specific activation
- Real Estate Commission Statutes and Regulations
AS 08.88.241(a), p. 8, exhaustive reinstatement conditions
- License Transfer Application
Instructions, p. 1, transfer/resumption
Temporary renewal during child support noncompliance
- Application
- Completed renewal and applicable fees, including recovery fund fee where required.
- Child Support
- On child support noncompliance list, but otherwise eligible for the underlying license.
- Duration
- 150 days at start of regular term, no extension, at most one per regular term.
- Education
- Normally 20 hours: eight designated and 12 elective; a license held 90 days or less at renewal is exempt under 12 AAC 64.500(j).
- Existing License
- Existing license; complete renewal by January 31 of an even-numbered year.
- Insurance
- Maintain required errors and omissions coverage.
- Military Exemption
- AS 08.01.100(f) permits military-service exemptions and continuing education waivers subject to its conditions.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
12 AAC 64.071(b), p. 29, exhaustive active renewal checklist
- Alaska Statutes Title 25, Marital and Domestic Relations
AS 25.27.244(d), 150-day license and otherwise eligible condition
- Real Estate Broker by Examination Application
General Information p. 2 of 2, child support temporary license
Temporary Real Estate Associate Broker License — Child Support Noncompliance
150-day, nonextendable license for an otherwise eligible applicant on the child support noncompliance list; underlying initial issuance or renewal qualifications still apply.
Licensing authority: Alaska Real Estate Commission / Division of Corporations, Business and Professional Licensing
Temporary license by endorsement during child support noncompliance
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Child Support
- On child support noncompliance list, but otherwise eligible for the underlying license.
- Duration
- 150 days at start of regular term, no extension, at most one per regular term.
- Education
- 30 hours of broker training or equivalent education completed within 24 months before application, plus six hours of Alaska real estate and landlord tenant law.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Handbook Discrepancy
- July 2026 handbook p. 4 later says “twenty-four (24) months” for applicants not yet brokers, but AS 08.88.171(a)-(b) and the broker checklists require 36 months; the statute governs.
- Insurance
- Submit required errors and omissions coverage.
- License Elsewhere
- Hold a valid active equivalent broker or associate license; licenses lapsed, suspended, surrendered for discipline or restricted for discipline do not qualify. Examinations of another jurisdiction are qualification evidence, not Alaska route leaves.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.263(3) requires post-licensing education if the other license has not been held for one year or more.
- Recent Practice
- Real estate must have been the principal occupation during the immediately preceding six months; supply affidavit and any additional activity verification requested under 12 AAC 64.061(c).
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
- Specific Requirement
- AS 08.88.263(1), 12 AAC 64.059(f)-(g), and application item 4 specifically prescribe the state law portion. AS 08.88.263(2) incorporates remaining broker qualifications; the generic initial two-part rule supplies no separate national demand for endorsement.
Temporary initial license by examination during child support noncompliance
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Child Support
- On child support noncompliance list, but otherwise eligible for the underlying license.
- Duration
- 150 days at start of regular term, no extension, at most one per regular term.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Insurance
- Submit required errors and omissions coverage.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.095 requires 30 hours within one year of initial issuance; subsection (f) exempts a broker licensed immediately beforehand as an Alaska associate broker.
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
Temporary issuance for otherwise eligible existing licensee
- Child Support
- On child support noncompliance list, but otherwise eligible for the underlying license.
- Duration
- 150 days at start of regular term, no extension, at most one per regular term.
- Eligibility
- Existing broker-level licensee otherwise eligible for conversion, short reactivation, short-lapse reinstatement or renewal must satisfy that existing-license pathway; new initial and endorsement applicants use the separate examination routes.
Official no-examination sources
Effective from 2026-09-22.
- Alaska Statutes Title 25, Marital and Domestic Relations
AS 25.27.244(d), 150-day license and otherwise eligible condition
- Real Estate Commission Statutes and Regulations
AS 08.88.251(c), p. 8, duration-specific activation
- Real Estate Commission Statutes and Regulations
AS 08.88.241(a), p. 8, exhaustive reinstatement conditions
- License Transfer Application
Instructions, p. 1, transfer/resumption
Temporary renewal during child support noncompliance
- Application
- Completed renewal and applicable fees, including recovery fund fee where required.
- Child Support
- On child support noncompliance list, but otherwise eligible for the underlying license.
- Duration
- 150 days at start of regular term, no extension, at most one per regular term.
- Education
- Normally 20 hours: eight designated and 12 elective; a license held 90 days or less at renewal is exempt under 12 AAC 64.500(j).
- Existing License
- Existing license; complete renewal by January 31 of an even-numbered year.
- Insurance
- Maintain required errors and omissions coverage.
- Military Exemption
- AS 08.01.100(f) permits military-service exemptions and continuing education waivers subject to its conditions.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
12 AAC 64.071(b), p. 29, exhaustive active renewal checklist
- Alaska Statutes Title 25, Marital and Domestic Relations
AS 25.27.244(d), 150-day license and otherwise eligible condition
- Real Estate Broker by Examination Application
General Information p. 2 of 2, child support temporary license
Real Estate Broker License
Broker who owns a real estate business or is employed as its broker; an office must be registered.
Licensing authority: Alaska Real Estate Commission / Division of Corporations, Business and Professional Licensing · Application information
Renewal of active license
- Application
- Completed renewal and applicable fees, including recovery fund fee where required.
- Education
- Normally 20 hours: eight designated and 12 elective; a license held 90 days or less at renewal is exempt under 12 AAC 64.500(j).
- Existing License
- Existing license; complete renewal by January 31 of an even-numbered year.
- Insurance
- Maintain required errors and omissions coverage.
- Military Exemption
- AS 08.01.100(f) permits military-service exemptions and continuing education waivers subject to its conditions.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
12 AAC 64.071(b), p. 29, exhaustive active renewal checklist
- Real Estate Commission Statutes and Regulations
12 AAC 64.500(b), p. 45, continuing education
Regular license after release during child support temporary term
- Conversion
- Division issues the regular initial or renewed license under 12 AAC 02.935(b); no further exam is prescribed for this administrative conversion.
- Release
- Agency must issue release before the temporary license expires.
- Temporary License
- Already received temporary license after satisfying applicable initial or renewal qualifications.
Official no-examination sources
Effective from 2026-09-22.
- Occupational Licensing Centralized Regulations
12 AAC 02.935(b), p. 20, conversion after release
- Alaska Statutes Title 25, Marital and Domestic Relations
AS 25.27.244(d), 150-day license and otherwise eligible condition
Conversion of existing associate broker to broker
- Application
- Return previous certificate; transfer application, fees, office registration if becoming broker, insurance and employing-broker information.
- Education
- Satisfy AS 08.88.098 suspension-related education as applicable; AS 08.88.095(f) exempts an existing associate from broker post-licensing education.
- Existing License
- Hold the corresponding Alaska broker-level license.
- New Association
- Own a real estate business or be employed as its broker; register the Alaska office, provide employing-broker information and a business license application.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.171(b)(1)-(2), p. 6, resumption/conversion
- Real Estate Commission Statutes and Regulations
12 AAC 64.059(e), p. 24, broker checklist/conversion
- License Transfer Application
Instructions, p. 1, transfer/resumption
Resumption after required business association changes
- Application
- Transfer and employment forms, insurance and fees; timely change notice is required.
- Education
- Satisfy AS 08.88.098 as applicable.
- Existing License
- Previously licensed at broker level; status interrupted by loss of required ownership or employment.
- New Association
- Resume the applicable ownership/employment relationship; a designation change uses the conversion route.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.171(a), p. 6, business and conversion
- Real Estate Commission Statutes and Regulations
12 AAC 64.075(d)-(e), p. 30, transfer/resumption
- License Transfer Application
Instructions, p. 1, transfer/resumption
Licensure by endorsement
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Business Status
- Own a real estate business or be employed as its broker; register the Alaska office, provide employing-broker information and a business license application.
- Education
- 30 hours of broker training or equivalent education completed within 24 months before application, plus six hours of Alaska real estate and landlord tenant law.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Handbook Discrepancy
- July 2026 handbook p. 4 later says “twenty-four (24) months” for applicants not yet brokers, but AS 08.88.171(a)-(b) and the broker checklists require 36 months; the statute governs.
- Insurance
- Submit required errors and omissions coverage.
- License Elsewhere
- Hold a valid active equivalent broker or associate license; licenses lapsed, suspended, surrendered for discipline or restricted for discipline do not qualify. Examinations of another jurisdiction are qualification evidence, not Alaska route leaves.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.263(3) requires post-licensing education if the other license has not been held for one year or more.
- Recent Practice
- Real estate must have been the principal occupation during the immediately preceding six months; supply affidavit and any additional activity verification requested under 12 AAC 64.061(c).
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
- Specific Requirement
- AS 08.88.263(1), 12 AAC 64.059(f)-(g), and application item 4 specifically prescribe the state law portion. AS 08.88.263(2) incorporates remaining broker qualifications; the generic initial two-part rule supplies no separate national demand for endorsement.
Licensure by examination
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Business Status
- Own a real estate business or be employed as its broker; register the Alaska office, provide employing-broker information and a business license application.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Insurance
- Submit required errors and omissions coverage.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.095 requires 30 hours within one year of initial issuance; subsection (f) exempts a broker licensed immediately beforehand as an Alaska associate broker.
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
Conversion to inactive certificate
- Existing License
- Return certificate, completed inactivation form and applicable fees.
- Post License Lapse
- A license lapsed for failure of AS 08.88.095 education must first be reinstated.
- Practice Restriction
- No AS 08.88.161 licensed activities; may receive commissions for work performed while active.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.251(a)-(b), p. 8, inactive certificate
Renewal of inactive license
- Application
- Completed renewal and applicable fees, including recovery fund fee where required.
- Approval
- Commission approval under AS 08.88.251(d); inactive status authorizes no current practice.
- Education
- Normally 20 hours: eight designated and 12 elective; a license held 90 days or less at renewal is exempt under 12 AAC 64.500(j).
- Existing License
- Existing license; complete renewal by January 31 of an even-numbered year.
- Insurance
- Maintain required errors and omissions coverage.
- Military Exemption
- AS 08.01.100(f) permits military-service exemptions and continuing education waivers subject to its conditions.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.251(d)-(e), p. 8, inactive renewal/term
- Real Estate Commission Statutes and Regulations
12 AAC 64.071(c), p. 29, exhaustive inactive renewal checklist
- Real Estate Commission Statutes and Regulations
12 AAC 64.500(b), p. 45, continuing education
Activation following insurance related suspension
- Insurance
- Provide proof of obtaining errors and omissions insurance; await Commission activation before practicing.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
12 AAC 64.640, p. 49, insurance-related activation
Requalification after 24 months or more inactive
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Business Status
- Own a real estate business or be employed as its broker; register the Alaska office, provide employing-broker information and a business license application.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Inactive Period
- AS 08.88.251(c) requires initial qualifications after 24 months or more inactive; limited original issuance deadlines are not reopened.
- Insurance
- Submit required errors and omissions coverage.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.095 requires 30 hours within one year of initial issuance; subsection (f) exempts a broker licensed immediately beforehand as an Alaska associate broker.
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
New qualification after lapse exceeding 24 months
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Business Status
- Own a real estate business or be employed as its broker; register the Alaska office, provide employing-broker information and a business license application.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Insurance
- Submit required errors and omissions coverage.
- Lapse
- License lapsed more than 24 months; AS 08.88.241(b) requires ordinary initial qualifications. A previous limited holder must qualify for the unrestricted identity.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.990(7)(B) excludes AS 08.88.241(b) reinstatement from the definition of initial license for post-licensing education.
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
Restoration after recovery fund suspension
- Education
- Satisfy AS 08.88.095 before suspension is lifted.
- Repayment
- Reach and comply with agreement to repay the recovery fund award.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.071(b), p. 3, recovery suspension lift
Application for issuance after revocation
- Application
- Submit completed application, attachments, license histories directly from licensing authorities and applicable fees.
- Business Status
- Own a real estate business or be employed as its broker; register the Alaska office, provide employing-broker information and a business license application.
- Competency
- AS 08.01.075(d) permits restoration only after hearing and a finding of safe and skilled practice.
- Education
- 30 hours of approved broker education completed within the 18 months preceding application.
- Experience
- At least 36 months of active and continuous licensee experience within the 60 months immediately preceding application; submit broker affidavit or qualifying license history.
- Fitness
- Disclose indictments, convictions and license actions; statutory disqualifications and Commission review apply.
- Insurance
- Submit required errors and omissions coverage.
- Minimum Age
- At least 22 years under 12 AAC 64.059(d)(1)(B).
- Post Licensing
- AS 08.88.095 requires 30 hours within one year of initial issuance; subsection (f) exempts a broker licensed immediately beforehand as an Alaska associate broker.
- Review
- Commission meeting review under 12 AAC 64.099 and applicable order conditions or statutory waiting periods. Issuance after revocation is an initial license under AS 08.88.990(7)(A)(iv).
- Score Window
- Complete application within six months of passing the exam under 12 AAC 64.060(e).
Permanent license by federal SCRA portability
- Alaska Practice
- Read and certify compliance with Alaska practice laws; submit to Alaska authority for discipline and continuing education. Office, business and insurance duties apply.
- Application
- Military orders, marriage evidence if a spouse, notarized affidavit and primary source license verification; authority may conduct a background check.
- Compact
- A covered interstate-compact license instead follows the compact under 50 U.S.C. 4025a(e).
- Covered License
- Same scope of practice; good standing in every jurisdiction where a license is or was held, with no disqualifying discipline, investigation or surrender.
- Military Relocation
- Service member or spouse relocating under military orders to Alaska.
Official no-examination sources
Effective from 2026-09-22.
- Servicemembers Civil Relief Act
SCRA 705A(a) / 50 U.S.C. 4025a(a), p. 39, portability
- Affidavit for Permanent Professional License under SCRA
Affidavit, p. 1, applicability
- Affidavit for Permanent Professional License under SCRA
Affidavit, p. 1, Alaska compliance/good standing
- Occupational Licensing Centralized Regulations
12 AAC 02.105(17)-(20), p. 5, SCRA license implementation
Reactivation after less than 24 months inactive
- Application
- Apply for active status and pay fees; satisfy business or employment and insurance requirements.
- Inactive Duration
- Less than 24 months.
- Term
- Remainder of the current inactive period under AS 08.88.251(e).
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.251(c), p. 8, duration-specific activation
- Real Estate Commission Statutes and Regulations
AS 08.88.251(d)-(e), p. 8, inactive renewal/term
- Real Estate Commission Statutes and Regulations
AS 08.88.172(a), p. 7
Reinstatement after lapse of less than 24 months
- Application
- Application, license fees, continuing education for inactive/lapsed periods, applicable AS 08.88.095(a) post-licensing education and fee, and errors and omissions coverage.
- Lapse Duration
- Less than 24 months.
- Status
- Reinstatement only as active under 12 AAC 64.071(e).
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
AS 08.88.241(a), p. 8, exhaustive reinstatement conditions
- Real Estate Commission Statutes and Regulations
AS 08.88.172(a), p. 7
Return of voluntarily surrendered license
- Competency
- Commission must determine competency to resume practice.
- Fees
- Pay appropriate renewal fee.
- Scope
- Return under AS 08.01.075(e), not new issuance after revocation.
Official no-examination sources
Effective from 2026-09-22.
- Centralized Licensing Statutes
AS 08.01.075(e), p. 6, return after surrender
Reissuance after disciplinary suspension
- Competency
- Commission finds ability to practice safely and with skill.
- Order
- Satisfy all suspension-order conditions, required remedial education and Commission review under 12 AAC 64.099.
- Term
- Reissue the surrendered suspended certificate for its unexpired balance when otherwise qualified.
Official no-examination sources
Effective from 2026-09-22.
- Real Estate Commission Statutes and Regulations
12 AAC 64.100, p. 32, suspended certificate reissuance
- Real Estate Commission Statutes and Regulations
AS 08.88.098(a)-(c), p. 4
- Real Estate Commission Statutes and Regulations
12 AAC 64.099, p. 32, review after suspension/revocation
- Centralized Licensing Statutes
AS 08.01.075(d), p. 6, restoration hearing/competency
Alaska Real Estate Broker Examination — State Law Portion
- Provider
- Pearson VUE
- Format
- Computer-based written examination
- Exam questions
- 60 scored items plus 5-10 unscored pretest items
- Passing score
- Scaled passing score 75
Examination outline
I. Powers of the Alaska Real Estate Commission (Broker 6 Items)
- A. Investigations, hearings and appeals
- B. Recovery fund
- C. Sanctions
- C. Sanctions — 1. Disciplinary actions
- C. Sanctions — 2. Penalties
- D. Examination of records
II. Licensing (Broker 6 Items)
- A. Activities requiring a license
- B. Change in license status
- C. Licensed and unlicensed assistants
- D. Errors and omissions insurance
III. Licensee Duties and Disclosures to the Public (Broker 9-11 Items)
- A. Licensee relationships
- B. Conflict of interest
- C. Compensation
- D. Property disclosure
- D. Property disclosure — 1. Residential Real Property Transfer Disclosure
- D. Property disclosure — 2. Common Interest Ownership Act
- D. Property disclosure — 2.i. Resale certificates
- D. Property disclosure — 2.ii. Public offering statements
IV. Requirements Governing the Activities of Licensees (Broker 9 Items)
- A. Advertising
- B. Broker/Salesperson relationship
- C. Handling of documents
- D. Handling of monies
- E. Prohibited conduct
V. Personal Services Agreements (Broker 4-6 Items)
- A. Listings
- B. Property management
- C. Buyer representation
VI. Property Management (Broker 9 Items)
- A. Property management
- B. Alaska Landlord Tenant Act
VII. Broker Only (Broker 15 Items)
- A. Trust accounts
- B. Supervision
- C. Place of business
- D. Recordkeeping
Examination sources
- Alaska Real Estate Candidate Handbook
Outlines 09, heading and version effective date
- Alaska Real Estate Candidate Handbook
Outlines 09, broker state law identification/scoring
- Alaska Real Estate Candidate Handbook
Outlines 09, full published outline and broker allocations (two-column layout)
- Real Estate Commission Statutes and Regulations
AS 08.88.191(a), p. 7, written examination
- Alaska Real Estate Candidate Handbook
p. 8, Scaled Score passing threshold
- Real Estate Commission Statutes and Regulations
12 AAC 64.059(f), p. 24, endorsement state law requirement
- Real Estate Commission Statutes and Regulations
12 AAC 64.010(d), p. 22, general/state examination
- Alaska Real Estate Candidate Handbook
p. 5, MAKING A RESERVATION
- Real Estate Broker by Endorsement Application
Application Instructions, item 4 EXAM
Real Estate National/General Examination for Brokers
- Provider
- Pearson VUE
- Format
- National/general portion of state real estate broker licensing examinations, scored separately from the state portion; every item is classified as knowledge, application or analysis; candidates who fail retake only the portion they failed
- Exam questions
- 80 scored items plus 5 unscored pretest items
Examination outline
I. REAL PROPERTY CHARACTERISTICS, LEGAL DESCRIPTIONS, AND PROPERTY USE (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 5 APPLICATION, 3 ANALYSIS)
- A. Real property vs. personal property (3 Items): 1. Fixtures, trade fixtures, emblements; 2. Attachment, severance, and bill of sale
- B. Characteristics of real property (2 Items): 1. Economic characteristics — a. Scarcity; b. Modification / Improvement; c. Permanence of Investment / Fixity; d. Area Preference / Situs; 2. Physical characteristics — a. Immobility; b. Indestructibility; c. Non-homogeneity / Uniqueness
- C. Legal descriptions (2 Items): 1. Methods used to describe real property; 2. Survey
- D. Public and private land use controls – encumbrances (3 Items): 1. Public controls – governmental powers — a. Police power, eminent domain, taxation, escheat; b. Zoning ordinances; 2. Private controls, restrictions, and encroachments — a. Covenants, conditions, and restrictions (CC&Rs), HOAs; b. Easements; c. Licenses and encroachments
II. FORMS OF OWNERSHIP, TRANSFER, AND RECORDING OF TITLE (BROKER 8 of 80 scored items; 2 KNOWLEDGE, 3 APPLICATION, 3 ANALYSIS)
- A. Ownership, estates, rights, and interests (4 Items): 1. Forms of ownership; 2. Freehold estate — a. Fee simple absolute; b. Fee simple defeasible, determinable, and condition subsequent; c. Life estate; d. Bundle of rights; 3. Leasehold estates and types of leases — a. Estate for years and from period to period (periodic estate); b. Estate at will and estate at sufferance; c. Gross, net, percentage leases, and etc.; 4. Liens and lien priority; 5. Air surface and sub-surface rights
- B. Deed, title, transfer of title, and recording of title (4 Items): 1. Elements of a valid deed; 2. Types of deeds; 3. Title transfer — a. Voluntary alienation; b. Involuntary alienation; 4. Recording the title — a. Constructive and actual notice; b. Title abstract and chain of title; c. Marketable title and cloud on title; d. Attorney title opinion, quiet title lawsuit, and title insurance
III. PROPERTY VALUE AND APPRAISAL (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 4 APPLICATION, 4 ANALYSIS)
- A. Concept of value (3 Items): 1. Market value vs. market price; 2. Characteristics of value; 3. Principles of value
- B. Appraisal process (3 Items): 1. Purpose and steps to an appraisal; 2. Federal oversight of the appraisal process
- C. Methods of estimating value and Broker Price Opinions (BPO) (4 Items): 1. Sales comparison approach (market data); 2. Cost approach — a. Improvements and depreciation; b. Physical deterioration, functional, and economic obsolescence; c. Reproduction or replacement costs; 3. Income approach; 4. Gross rent and gross income multipliers; 5. Comparative Market Analysis (CMA); 6. Broker Price Opinion (BPO); 7. Assessed value and tax implications
IV. REAL ESTATE CONTRACTS AND AGENCY (BROKER 15 of 80 scored items; 3 KNOWLEDGE, 6 APPLICATION, 6 ANALYSIS)
- A. Types of contracts (2 Items): 1. Express vs. implied; 2. Unilateral vs. bilateral
- B. Required elements of a valid contract (3 Items): 1. Voluntary; 2. Agreement / Promise; 3. Legally competent parties; 4. Lawful consideration; 5. Legal act / Purpose
- C. Contract performance (2 Items): 1. Executed vs. executory; 2. Valid vs. void; 3. Voidable vs. unenforceable; 4. Breach of contract, rescission, and termination; 5. Liquidated, punitive, or compensatory damages; 6. Electronic contracts and digital signatures; 7. Statute of Frauds; 8. Time is of the essence
- D. Sales contract (2 Items): 1. Offer and counteroffer; 2. Earnest money and liquidated damages; 3. Equitable title; 4. Contingencies; 5. Disputes and breach of contract; 6. Option contract and installment sales contract
- E. Types of agency and licensee-client relationships (2 Items)
- F. Creation and termination of agency (2 Items)
- G. Licensee obligations to parties of a transaction (2 Items)
V. REAL ESTATE PRACTICE (BROKER 12 of 80 scored items; 5 KNOWLEDGE, 5 APPLICATION, 2 ANALYSIS)
- A. Responsibilities of broker (3 Items): 1. Practicing within scope of expertise; 2. Unauthorized practice of law
- B. Brokerage agreements between the broker and principal (seller, buyer, landlord, or tenant) (3 Items): 1. Seller representation – Types of listing agreements — a. Exclusive right-to-sell and exclusive agency listing; b. Non-exclusive or open listing; c. Net listing (conflict of interest); d. Multiple listing service (MLS); 2. Buyer representation; 3. Property management agreement — a. Accounting for funds; b. Property maintenance; c. Leasing property; d. Collecting rents and security deposits; 4. Termination of agreements; 5. Services, fees, and compensation
- C. Fair Housing (3 Items): 1. Equal opportunity in housing; 2. Protected classes; 3. Fair housing laws; 4. Illegal practices, enforcement, and penalties; 5. Prohibited advertising; 6. Housing and Urban Development (HUD); 7. Americans with Disabilities Act (ADA)
- D. Risk management (3 Items): 1. Supervision; 2. Compliance with federal regulations; including Privacy and Do Not Contact; 3. Vicarious liability; 4. Antitrust laws; 5. Fraud and misrepresentation; 6. Types of insurance — a. Errors and Omissions; b. General Liability
VI. PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES (BROKER 9 of 80 scored items; 4 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
- A. Property conditions and environmental issues (5 Items): 1. Hazardous substances — a. Lead-based paint; b. Asbestos, radon, and mold; c. Groundwater contamination and underground storage tanks; d. Waste disposal sites and brownfields; e. Flood plains, flood zones, and flood insurance; 2. Clean Air and Water Acts; 3. Environmental Protection Agency (EPA) — a. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA); b. Superfund Amendment and Reauthorization Act (SARA); c. Environmental site assessments (including Phase I and II studies) and impact statements; d. Wetlands protection
- B. Environmental and property disclosure obligations and liability (4 Items)
VII. FINANCING AND SETTLEMENT (BROKER 8 of 80 scored items; 3 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
- A. Financing concepts and components (2 Items): 1. Methods of financing — a. Mortgage financing – conventional and non-conventional loans; b. Seller financing – land contract/contract for deed; 2. Lien theory vs. title theory and deed of trust; 3. Sources of financing (primary and secondary mortgage markets, and seller financing); 4. Types of loans and loan programs; 5. Mortgage clauses
- B. Lender Requirements (2 Items): 1. FHA requirements; 2. VA requirements; 3. USDA loan requirements and rural development financing; 4. Conventional requirements; 5. Buyer qualification and Loan to Value (LTV); 6. Hazard and flood insurance; 7. Private mortgage insurance (PMI) and mortgage insurance premium (MIP)
- C. Federal Financing Regulations and Regulatory Bodies (2 Items): 1. Truth-in-Lending and Regulation Z; 2. TILA-RESPA Integrated Disclosures (TRID) — a. Consumer Financial Protection Bureau (CFPB); b. Loan Estimate (LE); c. Closing Disclosure (CD); 3. Real Estate Settlement Procedures Act (RESPA) — a. Referrals; b. Rebates; 4. Equal Credit Opportunity Act (ECOA); 5. Mortgage fraud and predatory lending
- D. Settlement and closing the transaction (2 Items)
VIII. REAL ESTATE MATH CALCULATIONS (BROKER 8 of 80 scored items; 3 APPLICATION, 5 ANALYSIS)
- A. Property area calculations (1 Item): 1. Square footage; 2. Acreage total
- B. Property valuation (2 Items): 1. Comparative Market Analysis (CMA); 2. Net Operating Income (NOI); 3. Capitalization rate; 4. Gross rent multiplier; 5. Gross income multiplier; 6. Equity in property; 7. Establishing a listing price; 8. Assessed value and property taxes
- C. Commission/compensation (1 Item)
- D. Loan financing costs (1 Item): 1. Interest; 2. Loan to Value (LTV); 3. Fees; 4. Amortization, discount points, and prepayment penalties
- E. Settlement and closing costs (1 item): 1. Purchase price and down payment; 2. Monthly mortgage calculations- principal, interest, taxes, and insurance (PITI); 3. Net to the seller; 4. Cost to the buyer; 5. Prorated items; 6. Debits and credits; 7. Transfer tax and recording fee
- F. Investment (1 Item): 1. Return on investment; 2. Appreciation; 3. Depreciation; 4. Tax implications on investment
- G. Property management calculations (1 Item): 1. Property management and budget calculations; 2. Tenancy and rental calculations
Examination sources
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
Cover page, list of national/general content outlines
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, introductory paragraph, second sentence
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, section VIII heading
- Pearson VUE, Delaware Real Estate Candidate Handbook
Cover page of the National/General Content Outlines insert
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, introductory paragraph, cognitive level classification
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, pretest paragraph
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, sentences on failing candidates and reexamination
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, sentence on the failing score report
- Pearson VUE, Delaware Real Estate Candidate Handbook
Overview steps, step on reservation
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, retake rule