Mr. Websites
04-28-2006, 09:10 AM
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Alaska Real Estate Commission. http://www.dced.state.ak.us/occ/prec.htm. The information provided below can be found on the Commission's website. However, we recommend you contact the Real Estate Commission for more detailed information and for any changes which may have occurred.
Pre License
Types of Licenses
There are three types of real estate licenses. They are:
Broker: a person who operates his 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
A person desiring to acquire any type of real estate license in Alaska must:
o Pass the appropriate exam
o Not be under indictment for forgery, theft, extortion, conspiracy to defraud, or any other felony implying character untrustworthiness.
o Apply for licensure within six months after passing the exam.
o Pay the appropriate fees
o Meet the appropriate education requirements.
o Salesperson 20 classroom hours approved prelicensing education
o Broker/Associate Broker: 15 classroom hours approved broker training
Additional Requirements for Broker's License
A person must have completed 24 consecutive months within the last 48 as a licensed salesperson, and real estate must have been his/her principal occupation; he must either own a real estate business or work as the broker for a corporation or partnership.
A corporation or partnership can have only one broker in charge. If a second person, meeting the qualifications of a broker, holds an ownership position or is employed by the company, that person is considered an associate broker.
If a broker no longer meets the conditions of ownership or corporate employment, his/her broker license is suspended until such time as that status is resumed; alternatively, he/she may become an associate broker in another broker's office.
A person who has been convicted of a felony of one of the types listed above may not be granted a broker's license until seven years after the complete sentence has been served.
Additional Requirements for Associate Broker's License
A person must have been a licensed salesperson for 24 consecutive months within the last 48, and real estate must have been his/her principal occupation. He/she must have passed the broker's exam and be affiliated with a licensed broker. If ever convicted of any of the specified felony offenses, an associate broker's license cannot be granted until five years after the complete sentence has been served.
Specific Qualifications for Salesperson's License
A person must be at least 19 years of age and work for a licensed broker. If ever convicted of any of the specified felony charges, the complete sentence must have been served.
Examination
There are two levels of examination, the salesperson's and the broker's. The Real Estate Commission contracts with Assessment Systems, Inc. (ASI) of Philadelphia to prepare, administer and grade both versions of the exam. The Commission is responsible for establishing exam contents, but ASI retains full copyright over its examinations including the portions covering the Alaska statutes and regulations.
Continuing Education
Must complete 20 hours of approved education
8 hours are Designated CE
12 hours are elective CE
Good luck! ;)
Pre License
Types of Licenses
There are three types of real estate licenses. They are:
Broker: a person who operates his 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
A person desiring to acquire any type of real estate license in Alaska must:
o Pass the appropriate exam
o Not be under indictment for forgery, theft, extortion, conspiracy to defraud, or any other felony implying character untrustworthiness.
o Apply for licensure within six months after passing the exam.
o Pay the appropriate fees
o Meet the appropriate education requirements.
o Salesperson 20 classroom hours approved prelicensing education
o Broker/Associate Broker: 15 classroom hours approved broker training
Additional Requirements for Broker's License
A person must have completed 24 consecutive months within the last 48 as a licensed salesperson, and real estate must have been his/her principal occupation; he must either own a real estate business or work as the broker for a corporation or partnership.
A corporation or partnership can have only one broker in charge. If a second person, meeting the qualifications of a broker, holds an ownership position or is employed by the company, that person is considered an associate broker.
If a broker no longer meets the conditions of ownership or corporate employment, his/her broker license is suspended until such time as that status is resumed; alternatively, he/she may become an associate broker in another broker's office.
A person who has been convicted of a felony of one of the types listed above may not be granted a broker's license until seven years after the complete sentence has been served.
Additional Requirements for Associate Broker's License
A person must have been a licensed salesperson for 24 consecutive months within the last 48, and real estate must have been his/her principal occupation. He/she must have passed the broker's exam and be affiliated with a licensed broker. If ever convicted of any of the specified felony offenses, an associate broker's license cannot be granted until five years after the complete sentence has been served.
Specific Qualifications for Salesperson's License
A person must be at least 19 years of age and work for a licensed broker. If ever convicted of any of the specified felony charges, the complete sentence must have been served.
Examination
There are two levels of examination, the salesperson's and the broker's. The Real Estate Commission contracts with Assessment Systems, Inc. (ASI) of Philadelphia to prepare, administer and grade both versions of the exam. The Commission is responsible for establishing exam contents, but ASI retains full copyright over its examinations including the portions covering the Alaska statutes and regulations.
Continuing Education
Must complete 20 hours of approved education
8 hours are Designated CE
12 hours are elective CE
Good luck! ;)