Sec. 08.88.685. Policies, guidelines, and requirements.

231 words·~1 min read·/ak/title-8/chapter-88/08-88-685

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A broker shall adopt written policies and procedures available to the commission and to members of the public on request that

(1)require real estate licensees to comply with all real estate laws;

(2)require real estate licensees to act fairly and honestly in all dealings;

(3)require real estate licensees to notify the broker or a broker designee of any legal dispute or allegation of wrongdoing from a seller, buyer, lessor, or lessee;

(4)require real estate licensees to maintain regular communication with the broker or a broker designee; and

(5)identify and describe the relationships in which the broker and the real estate licensees who work for the broker may engage with a seller, buyer, lessor, or lessee.

(b)The commission shall adopt regulations that establish

(1)guidelines to assist a broker to adopt the written policy required by

(a)of this section;

(2)the contents and format of the pamphlet to be provided by a licensee under AS 08.88.615 (a)(6); and

(3)requirements for a broker's supervision of the real estate licensees who work for the broker.

(c)Based on the content and format for the pamphlets established under (b)(2) of this section, a real estate broker shall produce and pay the costs to produce the actual pamphlets to be provided by licensees in the broker's business under AS 08.88.615 (a)(6).