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- Alaska Statutes.
- Title 8. Business and Professions
- Chapter 88. Real Estate Brokers and Other Licensees
- Section 640. Designated Licensee Relationship.
previous: Section 635
. Acts Not Amounting to Adverse or Detrimental Acts or Conflicts of Interest.
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. Duties of Neutral Licensee.
AS 08.88.640. Designated Licensee Relationship.
- (a) Unless the broker is the designated licensee, the relationship, including the duties, obligations, and
responsibilities of the relationship, established between a person and a designated real estate licensee does not
extend to the real estate broker for whom the designated licensee is working, to another real estate licensee who works
for the same real estate broker, or to an owner of the business that employs the real estate broker. The extent or
limitations of the relationship between the broker with the designated licensee shall be disclosed to the parties to a
real estate transaction.
- (b) A real estate broker may have a different designated licensee working for a seller or lessor and for the buyer or
lessee in the same real estate transaction. Having a different designated licensee working for a seller or lessor and
for the buyer or lessee in the same real estate transaction does not create dual agency or a conflict of interest for
the real estate broker or for a licensee employed by the same real estate broker.
- (c) A designated real estate licensee may represent or provide specific assistance to a person who is a seller or lessor
in one real estate transaction while representing or providing specific assistance to the person as a buyer or lessee
in another real estate transaction.
- (d) Unless the broker is the designated licensee, when a designated licensee represents or provides specific assistance as
a designated licensee to a person in a real estate transaction, the knowledge received by the designated licensee while
representing or providing specific assistance to the person is not imputed to the real estate broker for whom the
designated licensee works, to another real estate licensee employed by or under contract to the broker, or to an owner
of the business that employs the real estate broker.
- (e) This section may not be construed to limit the responsibility of a real estate broker, or of an owner of a business
that employs the real estate broker, to supervise designated licensees who work for the broker or who work for the
business that employs the broker, or to shield the broker or business from vicarious liability for the acts of the
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