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

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Terms Used In Alaska Statutes 08.88.685

  • Allegation: something that someone says happened.
(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 Alaska Stat. § 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 Alaska Stat. § 08.88.615(a)(6).
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