Your Alaska Real Estate Resource (2024)

FAQs

How hard is it to get a real estate license in Alaska? ›

Getting a real estate license can take up to three to six months, accounting for pre-license education and test preparation. If you dedicate a full-time schedule and meet the appropriate education requirements, you could complete this process in two months.

How much commission does a realtor make in Alaska? Realtor percentage in Alaska is about 5% to 6% . The agents receive this amount on each house they successfully sell.

Complete 40 hours of an Alaska-approved pre-licensing real estate course. Pass the Alaska real estate salesperson exam and submit a Salesperson License by Examination application (#08-4179) for licensure under a broker with the appropriate licensing fees.

To become a property manager in Alaska, one must understand and navigate through the state's specific real estate licensing process. This process includes obtaining a real estate license, passing a licensing examination, and pursuing post-license education and training.

Among all the states, Colorado and Texas stand out as having the most stringent criteria for obtaining a real estate broker license. In both of these states, aspirants must undergo rigorous study and examination processes to obtain their licenses.

What percent commission do most real estate agents charge? The typical commission under the current model has been somewhere between 5 and 6 percent of a home's purchase price, which is then split evenly between the agent representing the buyer and the agent representing the seller.

Apply for the Alaska Salesperson examination. Submit fingerprints for a criminal background check. Successfully pass the Alaska Salesperson licensing exam with a score of 75% or higher. Obtain sponsorship from a licensed Alaska broker.

Typically, real estate commission is 5%–6% of the home's sale price. In most areas, the buyer's agent receives 2.5%–3% in commission and the seller's agent receives 2.5%-3% in commission. This can vary by agent and location.

This article is part of a larger series on How to Become a Real Estate Agent. The Bureau of Labor Statistics shows that the real estate failure rate is between 43% and 54%. However, common statistics state that 87% of real estate agents fail within five years.

How fast can you make money as a real estate agent? ›

How quick can you make money as a new real estate agent? As a new real estate agent, you can make money in three to six months. Tait Militana, a writer at Realtyna, says you should be making consistent money after your first year and it takes around 18 months to be able to live from real estate alone.

The test durations for the real estate license exams in Alaska are as follows: Salesperson: 4 hours – 120 multiple choice questions. Broker: 4 hours – 120 multiple choice questions.

In Alaska, landlords are prohibited from engaging in illegal discrimination, setting unfair occupancy limits, infringing upon tenants' rights to privacy, entering rented premises without proper notice (except in emergencies), failing to maintain habitable living conditions, and unlawfully withholding security deposits, ...

The total application fee is $390 and includes a nonrefundable application fee of $200, license fee of $140, and recovery fund fee of $50.

What score do I need to pass the Alaska real estate exam? In order to pass the Alaska real estate exam, you'll need a score of at least 75%. Passing the exam is much less stressful for anyone who has completed an Exam Prep course.