Where in AK can I get E&O Insurance?

You must first take 40 hours of pre-license education and pass the state licensing exam. Following those two steps, you must be hired by an Alaska license broker and purchase errors and omissions insurance. Once you have taken care of these four steps, you can make your application.

Alaska provides applicants the option to use an online application or a paper application. For online applications, follow the instructions to create an account and start the process. Paper applications can be printed and mailed in.

Yes, you do have the option to submit an online application for your Alaska salesperson license. Online applications are the fastest way to move through the licensing process.

You have several fees to pay for your Alaska real estate salesperson license. In total, you will pay $390. This includes the $200 non-refundable application fee, the $140 license fee, and the $50 recovery fund fee.

Include with your application your certificate of completion from the pre-license education course, your original exam score sheet showing you passed the Alaska portion of the salesperson exam, proof of your errors and omissions insurance coverage, and the employing broker information form.

You have six months after passing the state's licensing exam to file your license application with the Alaska Real Estate Commission. It is recommended you make the filing as soon as you have secured errors and omissions insurance and been hired by an employing broker.

No, your license application requires you to submit the employing broker information. All real estate salespersons must work under the supervision of an employee broker.

If you have an inactive license, you cannot engage in any real estate salesperson activities. An active license means you can work as a real estate agent, perform real estate salesperson activities, and be compensated for work as a real estate professional.

If you wish to move your salesperson license from an active to an inactive status, you must file an application to change license status with the Real Estate Commission. Your terminating broker needs to sign and date your license. Follow all other instructions in the change license status form for inactivation.

Your initial Alaska real estate salesperson license will be issued on an active status. You received this license by meeting all of the steps for licensing, including being employed by an Alaska licensed broker.

When you are ready to reactivate your Alaska Salesperson license, you need to fill out an application to change license status. Fill in all the applicable biographical information, employing broker information, and pay the $150 inactive to active license fee.

A broker license enables you to run a real estate business. A salesperson license enables you to work in a real estate business under the supervision of a real estate broker.

Visit the Alaska Professional License Lookup to see if your salesperson license is listed. If you created an online account to submit your license application, you can log in to see if your status is updated.

The Alaska Real Estate Commission offers a group policy through RISC. Their policies vary by the kind of coverage and its limits. The fee you pay also varies depending on when you enroll. You can select a private carrier as long as the policy meets the required minimum standards as detailed in Article 4.