reglab/statecodes huggingface dataset:
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.190 - Trust funds exempt from attachment, other process

Current through May 31, 2024
No provision may be made for a bank to withhold issue of
					 funds from a trust account except upon a court order.
Authority:
AS
						08.88.081
AS
						08.88.351
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.200 - Deposit to trust account

Current through May 31, 2024
All money deposited with the broker or person employed by
					 or affiliated with the broker as trustee in real estate transactions must be
					 deposited in or mailed to the appropriate trust account within five days
					 following receipt unless factors such as geographical location, weather
					 conditions, or transportation facilities make such depositing impossible or
					 unreasonable.
Authority:
AS
						08.88.081
AS
						08.88.351
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.210 - Trust account interest

Current through May 31, 2024
If a trust account bears interest, that fact and the rate
					 of interest must be disclosed to the trustor. To avoid commingling funds,
					 interest earned does not belong to the broker.
Authority:
AS
						08.88.081
AS
						08.88.351
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.220 - Record of trust account transactions

Current through May 31, 2024
(a) A broker shall
				  assign a transaction code and establish a transaction ledger for each written
				  offer to purchase real estate. This ledger must include
(1) a transaction code;
(2) a legal description of the
				  property;
(3) the name of the
				  property owner;
(4) for all
				  deposits, the
(A) date;
(B) name of the trustor; and
(C) purpose of the funds received;
				  and
(5) for all funds
				  paid from the account, the
(A) date;
(B) check number;
(C) name of payee; and
(D) purpose of the payment.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.230 - Other trust funds

Current through May 31, 2024
(a) For trust funds other than earnest money,
				  rents, or security deposits, including mortgage payments or funds for repairs,
				  records must be kept consistent with the requirements of
				  12 AAC 64.220.
(b) Repealed 7/16/94.
Authority:
AS
						08.88.081
AS
						08.88.351
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.240 - Broker's commission

Current through May 31, 2024
(a) Each withdrawal of a broker's commission
				  from a trust account must be separate and identified as to the specific
				  transaction.
(b) A broker shall
				  withdraw his or her commission from a trust account within 15 days after the
				  date that the transaction has been closed or otherwise settled.
(c) A broker shall disburse from a trust
				  account the fee earned for providing property management services. The
				  disbursal must be made on a regular monthly basis after the collection of
				  monthly receipts and disbursement of expenses for that management contract are
				  completed.
(d) A broker licensed
				  under AS 08.88 may pay a commission to a person who does not hold a license
				  under AS 08.88, but is licensed to perform real estate activities in another
				  licensing jurisdiction, for assistance to the broker licensed under AS 08.88 in
				  the performance of an act for which a license is required under AS 08.88. The
				  broker licensed under AS 08.88 must obtain, and retain for a period of three
				  years,
(1) a request from the person licensed
				  to perform real estate activities in another licensing jurisdiction for payment
				  of the commission; and
(2) a copy
				  of an active, current real estate license for the person requesting the
				  commission from the jurisdiction where the person is licensed to perform real
				  estate transactions.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.250 - Prohibited trust account activity

Current through May 31, 2024
A broker may not
(1) pay a salesperson's commission directly
				  from the trust account;
(2) pay
				  bills for the broker's business or personal obligations from the trust
				  funds;
(3) use trust funds to pay
				  the maintenance expenses of a trust account;
(4) commingle funds by depositing the
				  broker's own funds in a trust account, except those described in
				  12 AAC 64.180(d);
(5) withdraw funds from a trust account
				  without fully complying with the recordkeeping requirements of
				  12 AAC 64.220;
(6) refuse to provide an accounting to the
				  principals of a transaction for funds being held in trust; or
(7) refuse to return a deposit to a
				  prospective buyer whose offer was not accepted; the broker may delay the return
				  of the deposit until one business day after the prospective buyer's check has
				  cleared.
Authority:
AS
						08.88.071
AS 08.88.081
AS
						08.88.351
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.260 - Violation

Current through May 31, 2024
Failure to comply with
					 12 AAC 64.180 -
					 12 AAC 64.271 or failure to turn
					 over to the commission, upon the request of the commission, records that are
					 required by this chapter is considered fraudulent and dishonest conduct within
					 the meaning of
					 AS
					 08.88.071(a)(3)(A)(iv).
Authority:
AS
						08.88.071
AS 08.88.081
AS
						08.88.351
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 5 - Trust Accounts › 12 AAC 64.271 - Non-cash deposit

Current through May 31, 2024
When a non-cash deposit is approved by the seller to bind
					 an offer, control over the item deposited must be surrendered to the broker,
					 and the broker shall inform the principal parties of the measures taken to
					 safeguard it.
Authority:
AS
						08.88.081
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 6 - Recovery Fund Claims › 12 AAC 64.280 - Scope

Current through May 31, 2024
The provisions of
					 12 AAC 64.280 -
					 12 AAC 64.325 govern the
					 procedures relating to claims for reimbursement from the real estate recovery
					 fund under
					 AS
					 08.88.450-08.88.495.
Authority:
AS
						08.88.081
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 6 - Recovery Fund Claims › 12 AAC 64.285 - Claims

Current through May 31, 2024
Claims for payment from the real estate recovery fund
					 must
(1) be submitted on a form
				  provided by the commission;
(2) be
				  for a loss suffered in a real estate transaction by the claimant as a result of
				  fraud, intentional tort, deceit, the conversion of trust funds, or the
				  conversion of community association accounts by an involved licensee;
(3) include all the information required by
				  AS
				  08.88.460(a) and by the
				  claim form itself;
(4) be
				  accompanied by the documents required by
				  AS
				  08.88.460(a)(3)(B) and (C);
				  and
(5) be executed under penalty
				  of unsworn falsification.
Authority:
AS
						08.88.081
AS
						08.88.460
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 6 - Recovery Fund Claims › 12 AAC 64.290 - Notification of claim

Current through May 31, 2024
(a) Upon receipt of a claim for reimbursement
				  filed under
				  AS
				  08.88.460, the commission will mail a copy of
				  the claim, and any documentary material filed with the claim to all involved
				  parties.
(b) Repealed
				  5/31/2012.
(c) The commission will
				  mail all documents in (a) of this section by certified mail, return receipt
				  requested.
Authority:
AS
						08.88.081
AS
						08.88.460
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 6 - Recovery Fund Claims › 12 AAC 64.300 - Current address of claimants

Current through May 31, 2024
A claimant shall keep a current mailing address and
					 telephone number on file with the commission until the claim is resolved.
					 Failure to maintain a current mailing address and telephone number on file with
					 the commission while a claim is pending may result in dismissal of the
					 claim.
Authority:
AS
						08.88.081
AS
						08.88.460
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 6 - Recovery Fund Claims › 12 AAC 64.310 - Role of involved licensee

Current through May 31, 2024
(a) The commission
				  will send a notice of a claim to an involved licensee under
				  12 AAC 64.290.
(b) The real estate broker supervising an
				  involved licensee at the time the claim is filed will be notified by the
				  commission that an involved licensee is a named party in a claim filed under
				  AS
				  08.88.460.
Authority:
AS
						08.88.081
AS 08.88.460
AS
						08.88.465
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 6 - Recovery Fund Claims › 12 AAC 64.315 - Withdrawal of claim

Current through May 31, 2024
(a) A claimant may withdraw a claim filed
				  under AS
				  08.88.460 at any time before the proposed
				  decision is filed with the commission.
(b) Withdrawal of a claim by the claimant
				  does not preclude disciplinary proceedings by the commission against an
				  involved licensee under the provisions of AS 08.88.
Authority:
AS
						08.88.081
AS
						08.88.460
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 6 - Recovery Fund Claims › 12 AAC 64.325 - Findings and conclusions

Current through May 31, 2024
(a) After
				  consideration of a claim, the commission will make written findings and
				  conclusions in accordance with the provisions of
				  AS
				  08.88.465.
(b) The claimant may not receive payment of a
				  claim unless the commission finds that
(1)
				  the clamant filed a claim that complies with
				  12 AAC 64.285 within the time
				  limit provided under
				  AS
				  08.88.460;
(2) the court judgment, arbitration award, or
				  settlement agreement with a licensee submitted by the claimant is no longer
				  subject to appeal and establishes that the clamant suffered a loss in the
				  manner described in
				  AS
				  08.88.460(a); and
(3) the clamant used due diligence to collect
				  the amount due under the court judgment, arbitration award, or settlement
				  agreement and that the amount due is uncollectable using reasonable
				  efforts.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 7 - Real Estate Education Standards › 12 AAC 64.400 - Purpose of course certification and instructor approval

Current through May 31, 2024
The commission certifies real estate education courses and
					 approves course instructors for the purpose of
(1) establishing uniform high standards for
				  real estate educational offerings;
(2) assuring that only those courses that
				  cover current and relevant information are certified; and
(3) assuring that instructors meet minimum
				  education and experience requirements.
Authority:
AS
						08.88.081
AS 08.88.091
AS
						08.88.095
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 7 - Real Estate Education Standards › 12 AAC 64.410 - Minimum classroom and virtual course requirements

Current through May 31, 2024
(a) Except as
				  provided in (f) and (g) of this section, only real estate education courses
				  certified by the commission, or the commission's designee, meet the
				  requirements of AS 08.88.091 and 08.88.095. To be certified, a course whether
				  delivered in a classroom or as a vitual course, must meet the following minimum
				  requirements:
(1) the course must add to the
				  practical knowledge required to perform the duties of a real estate
				  practitioner in areas identified in
				  12 AAC 64.063,
				  12 AAC 64.064, and
				  12 AAC 64.500;
(2) the course content must be applicable to
				  all areas of the state, but may also include consideration of unique local
				  circumstances;
(3) repealed
				  6/28/97;
(4) the course must be
				  taught by an instructor approved by the commission to teach that course
				  topic;
(5) a guest instructor who
				  is not approved may be used to present a specialized portion of a course if an
				  approved instructor for the course topic is also present;
(6) students must be required to adhere to a
				  strict attendance policy, whether in a classroom or attending a vitual course
				  in order to receive credit for the course;
(7) students must taking a vitual course be
				  present using a device with A video and audio capabilities;
(8) students must complete a course and
				  instructor evaluation on a form that meets or exceeds the basic evaluation
				  provided by the commission;
(9)
				  students a certificate of completion shall be given to each student who attends
				  and participates in the course and completes the evaluation, showing the
(A) name of the student;
(B) city where course was held;
(C) course title and course approval
				  number;
(D) date the course was
				  delivered;
(E) number of contact
				  hours awarded;
(F) signature of the
				  course instructor or sponsor; and
(G) name of the course instructor.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 7 - Real Estate Education Standards › 12 AAC 64.420 - Application for course certification

Current through May 31, 2024
(a) To apply for
				  commission certification of a real estate course, a course sponsor shall submit
(1) a completed application on a form
				  provided by the department;
(2) the
				  fees required in
				  12 AAC 02.360;
(3) the following information:
(A) title of course;
(B) the number of contact hours
				  requested;
(C) the name of the
				  sponsor and designated contact person;
(D) a detailed course outline that identifies
				  the course content and objectives and includes text materials, sample handouts,
				  and a sample examination, if any;
(E) a copy of the attendance policy and a
				  description of the procedures used for keeping a record of
				  attendance;
(F) provisions for
				  offering the course by correspondence, if any; and
(G) the policy for allowing a student to make
				  up missed class time, if any.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 7 - Real Estate Education Standards › 12 AAC 64.430 - Correspondence courses

Current through May 31, 2024
(a) To obtain certification of a
				  correspondence course a sponsor must
(1) meet
				  the requirements of
				  12 AAC 64.420;
(2) submit a copy of the complete course
				  materials that will be provided to participants, including any published texts
				  or videos; and
(3) submit a copy of
				  the instructions for completing each lesson, either by electronic mail or
				  regular united states mail.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 7 - Real Estate Education Standards › 12 AAC 64.440 - Instructor approval

Current through May 31, 2024
(a) Except as provided in
				  12 AAC 64.410(f) and (g), only a course
				  taught by an instructor who is approved by the commission, or the commission's
				  designee, to teach a course on that topic meets the education requirements of
				  AS 08.88.091, 08.88.095, and this chapter. A national instructor must obtain
				  approval from the commission, or the commission's designee, in the appropriate
				  topic area before teaching any course other than a course required to qualify a
				  licensee for a professional designation in licensed real estate practice from a
				  national organization.
(b) An
				  applicant for instructor approval must apply to the commission by submitting
(1) a completed application on a form
				  provided by the department;
(2) the
				  fees required in
				  12 AAC 02.360;
(3) a list of topics the applicant is seeking
				  approval to teach; and
(4) a resume
				  indicating the education and experience of the applicant in the requested topic
				  areas, including the experience and education required in (c) of this
				  section.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 7 - Real Estate Education Standards › 12 AAC 64.450 - Temporary instructor approval

Current through May 31, 2024
(a) A course
				  sponsor may request the temporary approval of a person to teach a course if the
				  sponsor
(1) is unable to find an instructor
				  approved by the commission to teach that course topic for credit; or
(2) chooses to use a qualified instructor
				  from another state.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 7 - Real Estate Education Standards › 12 AAC 64.460 - Withdrawal or denial of instructor approval

Current through May 31, 2024
(a) The commission
				  may withdraw instructor approval or deny an application for approval under
				  12 AAC 64.440 if
(1) disciplinary action is taken or pending
				  by the commission or another licensing jurisdiction against that instructor's
				  practitioner license;
(2) the
				  instructor is no longer providing satisfactory instruction based upon
(A) poor student evaluations; or
(B) the findings of a classroom audit
				  conducted by the commission or its designee;
(3) the instructor offers a course for credit
				  that has not received prior written approval from the commission;
(4) the instructor teaches a course in a
				  subject area that the instructor has not been approved to teach; or
(5) the instructor provides fraudulent
				  information or documentation to a licensee or to the commission.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 7 - Real Estate Education Standards › 12 AAC 64.470 - Withdrawal or denial of course certification

Current through May 31, 2024
(a) The commission
				  may withdraw course certification or deny an application for course
				  certification under
				  12 AAC 64.420 if the commission,
				  or the commission's designee, finds that the course no longer meets the
				  standards adopted by the commission in
				  12 AAC 64.410, as evidenced by
(1) the findings of a classroom audit;
				  or
(2) review of the course content
				  at the time of recertification under
				  12 AAC 64.420(c).
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 8 - Continuing Education Requirements › 12 AAC 64.500 - Continuing education requirements

Current through May 31, 2024
(a) For the
				  purposes of
				  AS
				  08.88.091(d), the commission
				  will accept only those continuing education courses that meet the real estate
				  education standards of
				  12 AAC 64.400 -
				  12 AAC 64.470, including courses
				  in the following subject areas:
(1) licensee
				  relationships;
(2) closing
				  transactions;
(3) common interest
				  ownership and resale certificates required under
				  AS
				  34.08.590;
(4) communications, negotiations, and real
				  estate counseling skills;
(5)
				  repealed 6/28/97;
(6)
				  contracts;
(7) energy
				  conservation;
(8) health, safety,
				  and environmental issues, and compliance with
				  42 U.S.C.
				  12101-
				  12213 (Americans with Disabilities
				  Act of 1990);
(9) fair housing and
				  equal opportunity laws;
(10)
				  financing real estate;
(11)
				  foreclosure, judgments, and bankruptcy;
(12) international real estate
				  transactions;
(13) land use,
				  planning, zoning, and building codes;
(14) legal descriptions;
(15) listing responsibilities;
(16) marketing property;
(17) new construction;
(18) prohibited conduct;
(19) property disclosure and
				  inspections;
(20) residential
				  property management;
(21) property
				  valuation;
(22) real estate
				  brokerage management;
(23) real
				  estate investment analysis;
(24)
				  real estate property law;
(25) real
				  estate license law;
(26)
				  securities;
(27) title insurance
				  and lien law;
(28) trust account
				  management;
(29) trusts, estates,
				  and probate;
(30) ethical
				  decision-making in real estate transactions;
(31) community association
				  management;
(32) community
				  association documents;
(33) risk
				  management;
(34) Alaska landlord
				  tenant law;
(35) customer client
				  service;
(36) commercial property
				  management;
(37) tax law and
				  exchanges;
(38) broker disclosure
				  responsibility;
(39) broker
				  supervision;
(40) broker trust
				  account responsibility; and
(41)
				  organizing and managing real estate offices.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 8 - Continuing Education Requirements › 12 AAC 64.510 - Approved online courses

Current through May 31, 2024
To be approved by the commission to meet the continuing
					 education requirements of
					 12 AAC 64.400 -
					 12 AAC 64.470, the primary purpose
					 of an online course must be directly related to the topics listed in
					 12 AAC 64.500(a).
Authority:
AS
						08.88.081
AS
						08.88.091
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 9 - Property Management › 12 AAC 64.550 - Property management transactions

Current through May 31, 2024
(a) A licensee
				  engaged in property management shall conduct property management activity in
				  the registered name of the real estate company with which the licensee is
				  affiliated.
(b) A licensee may not
				  conduct property management activity for another person without a prior written
				  property management contract. At a minimum, a property management contract must
				  include the
(1) specific responsibilities of
				  the property manager;
(2) authority
				  and powers given by the property owner to the property manager;
(3) period of the agreement; and
(4) management fee.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 9 - Property Management › 12 AAC 64.560 - Compliance with Uniform Residential Landlord and Tenant Act

Current through May 31, 2024
Failure of a licensee engaged in property management to
					 deposit prepaid rents or security deposits in a trust account as required by AS
					 34.03 (Uniform Residential Landlord and Tenant Act) is considered fraudulent or
					 dishonest conduct within the meaning of
					 AS
					 08.88.071(a)(3)(A)(iv).
Authority:
AS
						08.88.071
AS 08.88.081
AS
						08.88.331
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 9 - Property Management › 12 AAC 64.570 - Property management of real property

Current through May 31, 2024
(a) A licensee who
				  has sole ownership of rental property either may manage the property through
				  the licensee's employing broker or may employ another broker or property
				  manager to perform those management duties. Notwithstanding
				  12 AAC 64.550, the licensee or the
				  owner's broker is not required to keep records or files of rental agreements or
				  rental transactions, if the files or records are kept by the licensee being
				  employed.
(b) In addition to the
				  duties set out in
				  AS
				  08.88.615, a licensee who owns real property
				  described in (a) of this section must also
(1) disclose to each prospective lessee or
				  tenant
(A) the items described in
				  AS
				  08.88.615(a)(6) - (8);
				  and
(B) the licensee's ownership in
				  accordance with
				  AS
				  08.88.391; and
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 9 - Property Management › 12 AAC 64.580 - Licensee who performs community association management

Current through May 31, 2024
In addition to the requirements in
					 AS
					 08.88.615, a licensee engaged in community
					 association management must
(1) comply
				  with the provisions of
				  AS
				  08.88.341, and must include the
(A) services provided;
(B) fees charged;
(C) timeframe of the relationship between the
				  licensee and the entity;
(D)
				  consumer pamphlet as provided for in
				  12 AAC 64.118;
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 10 - Errors and Omissions Insurance › 12 AAC 64.600 - Insurance required

Current through May 31, 2024
Subject to
					 AS
					 08.88.172, a person licensed as a real estate
					 broker, associate real estate broker, or real estate salesperson, as a
					 condition of licensing, renewal, or reinstatement of a license must submit
					 proof of errors and omission insurance coverage through the master insurance
					 policy made available by the commission under
					 AS
					 08.88.172(d) or through
					 certification of equivalent coverage. "Equivalent Coverage" has the meaning
					 given in 12 AAC 02.590.
Authority:
AS
						08.88.071
AS 08.88.081
AS 08.88.171
AS
						08.88.172
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 10 - Errors and Omissions Insurance › 12 AAC 64.610 - Time for filing certification of equivalent coverage

Current through May 31, 2024
(a) A licensee that
				  obtains equivalent coverage under
				  AS
				  08.88.172(c) must file a
				  certification of insurance showing equivalent coverage with the commission with
				  the application to obtain or renew a license.
(b) A licensee substituting coverage under
				  the master insurance policy made available by the commission under
				  AS
				  08.88.172(c) with equivalent
				  coverage or substituting equivalent coverage policy with another policy must
				  file a certification of equivalent coverage with the commission prior to 5:00
				  p.m. on the date the licensee cancels coverage under the master insurance
				  policy made available by the commission or cancels coverage under the
				  equivalent insurance policy that is being substituted for another equivalent
				  coverage policy.
(c) If the
				  certification is not filed as required by this section, the commission will
				  deny the application to obtain or renew a license or suspend the existing
				  license.
Authority:
AS
						08.88.071
AS 08.88.081
AS 08.88.171
AS
						08.88.172
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 10 - Errors and Omissions Insurance › 12 AAC 64.620 - Suspension of license for nonpayment of premium

Current through May 31, 2024
If a licensee's insurance company or master insurance
					 policy issuer notifies the commission that a licensee has not paid a premium,
					 resulting in termination of coverage the commission shall suspend and license
					 under AS
					 08.88.061 held by that licensee as of the
					 date of termination of coverage.
Authority:
AS
						08.88.071
AS 08.88.081
AS 08.88.171
AS
						08.88.172
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 10 - Errors and Omissions Insurance › 12 AAC 64.630 - Surrender of license for failure to provide proof of insurance

Current through May 31, 2024
When a licensee receives a notice of license suspension for
					 failure to provide proof of insurance, the licensee shall immediately surrender
					 any license required under
					 AS
					 08.88.161 to the commission.
Authority:
AS
						08.88.071
AS 08.88.081
AS 08.88.171
AS
						08.88.172
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 10 - Errors and Omissions Insurance › 12 AAC 64.640 - Proof of insurance required to activate suspended license

Current through May 31, 2024
A licensee whose license has been suspended for failure to
					 provide proof of errors and omissions insurance may not conduct any activities
					 for which a license is required until proof of obtaining a certificate of
					 insurance has been provided to the commission and the license has been
					 activated.
Authority:
AS
						08.88.071
AS 08.88.081
AS 08.88.171
AS
						08.88.172
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 10 - Errors and Omissions Insurance › 12 AAC 64.650 - Authenticity of coverage

Current through May 31, 2024
A licensee may not willfully or knowingly cause or allow a
					 certificate of coverage, to be filled with the commission that is false,
					 fraudulent, or misleading.
Authority:
AS
						08.88.071
AS 08.88.081
AS 08.88.171
AS
						08.88.172
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.900 - Violation

Current through May 31, 2024
Violation of or failure to comply with the provisions of
					 this chapter constitutes grounds for the suspension or revocation of a
					 license.
Authority:
AS
						08.88.081
AS
						44.33.020(1)
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.905 - Exceptions to requirements for real estate license

Current through May 31, 2024
The exceptions to the requirements of AS 08.88 listed in
					 AS
					 08.88.900 are limited to the roles or
					 activities specified, and do not allow a person to perform other activities for
					 which a license under
					 AS
					 08.88.161 is required.
Authority:
AS
						08.88.081
AS 08.88.161
AS
						08.88.900
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.920 - Current address (Repealed)

Current through May 31, 2024
As of 10/27/99, the substance of
						12 AAC 64.920 is repealed because
						its substance already appears in
						12 AAC 02.900.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.930 - Property disclosure form

Current through May 31, 2024
(a) The form titled
				  Residential Real Property Transfer Disclosure Statement, dated, is adopted by
				  reference. This form, prepared by the Real Estate Commission December 2021, is
				  adopted by reference. This form, prepared by the Real Estate Commission,
				  presents the information required by AS 34.70 that a transferor of an interest
				  in residential real property must disclose to a prospective transferee of the
				  property before the transferee makes a written offer. Use of this form also
				  complies with
				  AS
				  34.70.050 regarding notice to the transferee
				  to conduct investigations regarding convicted sex offenders residing in the
				  neighborhood and whether there is an agricultural facility or operation in the
				  vicinity
(b) For the purposes of
				  this section, "residential real property" has the meaning given to the term in
				  AS
				  34.70.200.
Copies of the Residential Real Property Transfer
						Disclosure Statement, adopted by reference in 12 AAC 64.930, may be obtained
						from the Department of Commerce, Community, and Economic Development, Division
						of Corporations, Business and Professional Licensing, Real Estate Commission,
						550 W. 7th Avenue, Suite 1500, Anchorage, AK 99501; phone: (907)
						269-8168.
As of Register 171 (October 2004), the regulations
						attorney made technical revisions under
						AS
						44.62.125(b)(6) to reflect
						the name change of the Department of Community and Economic Development to the
						Department of Commerce, Community, and Economic Development made by ch. 47, SLA
						2004 and the corresponding title change of the commissioner of community and
						economic development.
Authority:
AS
						08.88.071
AS
						08.88.081
AS
						08.88.615
AS
						34.70.050
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.940 - Disclosure of compensation

Current through May 31, 2024
(a) In a real
				  estate sales transaction, a broker shall disclose in writing to the broker's
				  principal the dollar amount or percentage of transaction amount of any rebate,
				  compensation, or fee paid to another broker in connection with that
				  transaction.
(b) The provisions of
				  (a) of this section do not require a broker to disclose the payment of a
				  franchise fee, an internal office operating cost, or compensation to a licensee
				  within the broker's office.
(c) As
				  used in this section, "real estate sales transaction" means the sale or
				  purchase of real property, but does not include a rental, lease, or other
				  transaction involving real property.
(d) A disclosure required of a broker to the
				  broker's principal under (a) of this section shall be made when
(1) the listing contract is signed;
				  and
(2) the settlement statement is
				  signed.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.960 - Payment of associate broker or salesperson

Current through May 31, 2024
A broker may pay a former associate broker or salesperson a
					 commission for services performed while the associate broker or salesperson was
					 actively licensed under AS 08.88 regardless of the license status of the
					 associate broker or salesperson at the time the commission is
					 payable.
Authority:
AS
						08.88.081
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.961 - Personal real estate transaction of real estate licensee

Current through May 31, 2024
In order to meet the requirements of
					 AS
					 08.88.331, a real estate licensee is not
					 precluded from using the services of a licensee from another brokerage to
					 represent or give specific assistance in a personal real estate transaction of
					 the real estate licensee.
Authority:
AS
						08.88.071
AS
						08.88.331
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.970 - Commission member absences

Current through May 31, 2024
(a) The commission
				  will, in its discretion, recommend to the governor that a member be removed
				  from the commission if that member has three or more unexcused absences from
				  regularly scheduled commission meetings.
(b) Before the close of each regularly
				  scheduled commission meeting, the commission will determine whether a member's
				  absence from that meeting is excused or unexcused. An absence will be
				  considered excused if it is pre-approved by the chairperson of the commission
				  or due to an emergency.
Authority:
AS
						08.01.020
AS
						08.88.081
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.980 - Documents submitted by facsimile

Current through May 31, 2024
(a) Repealed
				  12/7/2011.
(b) An applicant or
				  licensee may submit a document to the commission by facsimile if the commission
				  does not require
(1) the applicant or
				  licensee to submit a fee with the document; or
(2) a notarized signature on the
				  document.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 64 - Real Estate Commission › Article 11 - General Provisions › 12 AAC 64.990 - Definitions

Current through May 31, 2024
(a) In AS 08.88.171,
				  12 AAC 64.059(d), and
				  12 AAC 64.075(e), "active and continuous
				  experience" means that, notwithstanding
				  12 AAC 64.080(c), the licensee holds a
				  current active license with no single break of current active status of more
				  than 30 days due to the licensee's failure to affiliate with an employing
				  broker and file the appropriate completed application with the
				  division.
(b) In this chapter,
				  unless the context requires otherwise,
(1)
				  "commission" means the real estate commission established by AS
				  08.88.011;
(2) "contact hour" means
				  a minimum of 50 minutes of instruction;
(3) "sponsor" means a person, school,
				  college, or professional association that provides, or wishes to provide,
				  courses in real estate education under this chapter;
(4) "real estate transaction" means a
				  transaction for which a real estate broker must maintain records under AS
				  08.88.331-08.88.351 and
				  12 AAC 64.220;
(5) "commingle" means a licensee depositing
				  the licensee's own funds in the account where the funds of others are held in
				  trust, except as allowed in
				  12 AAC 64.180(d);
(6) "salesperson" means the same as
				  "salesman" in AS 08.88;
(7)
				  "division" means the division of corporations, business and professional
				  licensing in the Department of Commerce, Community, and Economic
				  Development;
(8) "listing" means a
				  personal services contract or agreement, in which the listing licensee agrees
				  to find, locate, secure, or promote obtaining a buyer or tenant for a specific
				  property at a certain price and terms;
(9) team means two or more licensees within
				  the same brokerage who work together as one unit under a collective name and
				  provide services or perform activities that require a professional license in
				  real estate;
(10) "virtual course"
				  means a course that is approved for credit by the commission and is provided in
				  an interactive online, real-time learning environment where the majority of the
				  curriculum is delivered using the Internet, and in which students are separated
				  by location from their instructor of record yet have the ability to participate
				  through chats and audio.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 68 - Board of Veterinary Examiners › Article 1 - Veterinary Licensing and Examination › 12 AAC 68.010 - Application for a license by examination

Current through May 31, 2024
(a) An applicant
				  for a license by examination to practice veterinary medicine, surgery, or
				  dentistry shall submit to the board
(1) a
				  completed application, on a form provided by the department;
(2) the applicable fees established in
				  12 AAC 02.350;
(3) evidence that, within 60 months before
				  the date of application, the applicant has passed the North American Veterinary
				  License Examination, administered by the International Council for Veterinary
				  Assessment (ICVA);
(4) official
				  college transcripts showing graduation from an accredited veterinary school, or
				  official records showing successful completion of the Educational Commission
				  for Foreign Veterinary Graduates certification, the Program for the Assessment
				  of Veterinary Education Equivalence certification, or another certification
				  process as approved by the board and as required by
				  AS
				  08.98.165(a)(1);
(5) if the applicant is, or has ever been,
				  licensed as a veterinarian in another jurisdiction, verification of licensure
				  and evidence of good standing as set out in
				  12 AAC 68.048, including the
				  disposition of any disciplinary action taken or pending against the applicant,
				  from all licensing jurisdictions where the applicant holds or has ever held a
				  veterinary license;
(6) a completed
				  Veterinary Information Verifying Agency (VIVA) score reporting form sent
				  directly from the American Association of Veterinary State Boards;
(7) on a form provided by the department,
				  four letters of professional reference completed by veterinarians licensed in
				  this state or another jurisdiction who are familiar with the applicant's
				  training or work in veterinary medicine; a letter of professional reference
				  must
(A) be sent directly to the department
				  from the person completing the professional reference; and
(B) evidence the applicant's good standing
				  under AS
				  08.98.165(a)(4) and
				  12 AAC 68.048 by indicating that
				  the applicant is professionally competent, reliable, and worthy of
				  confidence;
(8) any
				  other documentation that the board determines is necessary to document
				  compliance with
				  AS
				  08.98.165.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 68 - Board of Veterinary Examiners › Article 1 - Veterinary Licensing and Examination › 12 AAC 68.015 - Examinations

Current through May 31, 2024
(a) The passing score on the national
				  examination required in
				  12 AAC 68.010(a) is the criterion-referenced
				  passing score recommended by the National Board of Veterinary Medical Examiners
				  (NBVME).
(b) The state written
				  examination is required for applicants applying for licensure by examination
				  and applicants applying for licensure by credentials. The following subjects
				  will be covered on the state written examination concerning specific Alaska
				  issues of veterinary practice:
(1) the board
				  statutes and regulations under AS 08.98 and 12 AAC 68;
(2) other state statutes and regulations
				  related to animal care;
(3) laws
				  regarding the import, export, and transportation of animals, health
				  certificates, and the reporting of diseases;
(4) veterinary epidemiology.
(c) The state written examination is an open
				  book examination. The department will provide electronic, examination and
				  study materials to an approved applicant and will notify an applicant when
				  material is available using an electronic mail address provided on the
				  applicant's completed application. A completed electronic examination must be
				  submitted to the department within 30 days after the department sends the
				  electronic mail message, as shown by the date-stamp on the message. an
				  application request, as if an electronic mail address is not provided by the
				  applicant, examination and study material will be mailed directly to the
				  applicant . An examination completed by mail. must be returned to the
				  department within 30 days after mailing, as shown by the postmark dates. The
				  passing score on the state written examination required by (b) of this section
				  is 90 percent or above.
Alaska Administrative Code › Title 12 - Professional Regulations › Part 1 - Boards and Commissions Subject to Centralized Licensing › Chapter 68 - Board of Veterinary Examiners › Article 1 - Veterinary Licensing and Examination › 12 AAC 68.030 - Notification of applicants

Current through May 31, 2024
(a) An applicant
				  will be notified in writing by the department of the applicant's grade on the
				  applicable examinations in
				  12 AAC 68.015.
(b) Upon receipt of written notification of
				  examination grade from the department, a temporary license holder under
				  AS
				  08.98.180 shall notify the sponsoring
				  veterinarian of whether the holder passed or failed the applicable
				  examinations.
Authority:
AS
						08.98.050
AS 08.98.165
AS 08.98.180
AS
						08.98.184