Property Management requirements in Alaska
Must an Alaska property management company have a real estate broker's license?
YES. Property management is considered a real estate activity under existing Alaska real estate licensing laws. The Alaska Statutes clearly state that a license is required for any person or company that engages in the rent or lease of real estate in Alaska, who lists real estate for rent or lease or who collects rent for the use of real estate or fees for property management. A salesperson working under a broker may engage in such activities.
Are there any exceptions to the requirement that an Alaska property manager have a broker's license?
Yes. For example, there is an exception for on-site managers residing at the residential complex they manage.
For more information about these and other Alaska property management requirements and exceptions, please contact the Alaska Real Estate Commission.
Before hiring a property manager to manage your Alaska rental property, you should always check that he or she is licensed appropriately. You can check the license status of Alaska property managers at the Alaska Real Estate Commission's "License Search" page.
Alaska Community Association Management Licensing
You must be a real estate broker, an association real estate broker, or a real estate salesperson licensed in Alaska to collect fees for community association management and to practice or negotiate for a contract to practice community association management in Alaska. Licensees serving as community association managers must be covered by a blanket fidelity insurance bond and may not exercise control over the association's reserves or investments accounts. The broker may exercise control over the operating account if allowed under a contract approved by the association's board of directors AND duplicate financial statements are sent by the bank to the licensee and the association's board of directors at separate addresses.
A limited license to practice community association management was available if certain conditions were met and the applicant applied for the limited license by January 1, 1999.
For more information about these and other community association management requirements and exceptions, please contact the Alaska Real Estate Commission.
Alaska Real Estate Broker Licensing Requirements
Alaska real estate broker licensing requirements include:
Alaska Real Estate Salesperson Licensing Requirements
Alaska real estate salesperson licensing requirements include:
For more information about these and other Alaska real estate licensing requirements, please contact the Alaska Real Estate Commission.
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.