(a) Except as provided in (b) of this section, this chapter does not apply to
Terms Used In Alaska Statutes 08.88.900
Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Dependent: A person dependent for support upon another.
Executor: A male person named in a will to carry out the decedent
Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
Trustee: A person or institution holding and administering property in trust.
(1) a person who is not licensed under this chapter who manages or makes a real estate transaction with respect to real estate the person owns or is seeking to own so long as the compensation the person receives does not include any portion of the commission or other compensation paid to a real estate licensee in the transaction;(2) an attorney-in-fact under a power of attorney authorizing the consummation of a specific real estate transaction; an attorney-in-fact may not act as such under this paragraph for more than two transactions in a calendar year;(3) a lawyer performing duties as a lawyer;(4) a public official in the conduct of official duties;(5) a person acting as receiver, trustee, administrator, executor, or guardian;(6) a person acting under court order;(7) a person acting under the authority of a will or trust instrument;(8) a person dealing in mineral rights transactions;(9) an employee of a domestic or foreign corporation, general or limited partnership, or limited liability company when performing an act described in Alaska Stat. § 08.88.161 incidental to the regular course of business when the act relates to the management, sale, or other disposition of real estate owned by the foreign or domestic corporation, general or limited partnership or limited liability company; the exemption under this paragraph does not apply to a person employed by a foreign or domestic corporation, partnership, limited partnership, or limited liability company who performs an act described in Alaska Stat. § 08.88.161 either
(A) as a vocation; or(B) for compensation if the amount of the compensation is dependent upon or directly related to the value of the real estate with respect to which the act is performed;(10) a person performing duties as a resident manager;(11) a bookkeeper or accountant performing bookkeeping or accounting functions;(12) a secretary or receptionist in a real estate office accepting rent or association fees and providing a written receipt for the rent or fees when a tenant or community association member delivers the rent or fees to the real estate office;(13) tradesmen or vendors of services performing maintenance and repair functions;(14) an employee of a real estate firm or of a property owner delivering or accepting a real estate contract or application, or a related amendment, to or from another person;(15) an individual assisting in the performance of real estate activities only by carrying out administrative, clerical, or maintenance tasks;(16) the management of a total of four or fewer residential units by a natural person for other persons;(17) community association management for property organized under Alaska Stat. Chapter 34.07 or Alaska Stat. Chapter 34.08 by a resident owner of a unit in the property if the owner is a member of a self-managed community association for the property;(18) community association management by a developer of property organized under Alaska Stat. Chapter 34.07 or Alaska Stat. Chapter 34.08 during the period that the developer retains control of at least 51 percent of the property;(19) an attorney-in-fact who, for a relative, acts under a power of attorney that authorizes the consummation of a specific real estate transaction; in this paragraph, “relative” means a spouse or a great grandparent, grandparent, parent, uncle, aunt, sibling, child, nephew, niece, grandchild, or great grandchild by the whole or half blood or by marriage but does not include a relative who is only related through a step relationship, such as a stepbrother or the child of a stepbrother, except that “relative” includes a stepchild;(20) a mobile home dealer; or(21) the management by a natural person of property for another person without a fee other than the reimbursement of expenses.(b) Notwithstanding that, under this section, a person is exempt from this chapter, Alaska Stat. § 08.88.401(d)(1) prohibits a licensee from knowingly paying to that person any part of a fee, commission, or other compensation received by the licensee in buying, selling, exchanging, leasing, auctioning, or renting real estate.
