Question 1

What is the mission of Real Estate Professionals Alaska?

Accepted Answer

Our mission is to promote ethical business practices within the Alaska real estate market. Our members are sworn to uphold a strict code of ethics in their business dealings and real estate transactions.

Question 2

What are the key ethical standards that members of Real Estate Professionals Alaska adhere to?

Accepted Answer

Members of Real Estate Professionals Alaska pledge to adhere to the statutes and regulations of the Alaskan Real Estate Commission, and to practice benevolence, honesty, and courtesy in all possible situations. They also have specific duties to protect the interests of their clients, treat all parties involved in a transaction with honesty, and not conceal, exaggerate, or misrepresent any facts applicable to a transaction.

Question 3

How do members of Real Estate Professionals Alaska handle cooperation with other brokers?

Accepted Answer

Members of Real Estate Professionals Alaska will cooperate with other brokers, except in circumstances where cooperation is in conflict with a client's interests. They are not obliged to share any compensations, including fees and commissions, with another broker.

Question 4

Are members of Real Estate Professionals Alaska required to disclose all facts about a property?

Accepted Answer

No, members of Real Estate Professionals Alaska are not obligated to give advice on any matters outside the purview of their real estate license, discover inherent defects in property, or to disclose any facts which are confidential as defined by the Alaska Real Estate Commission.

Question 5

Can members of Real Estate Professionals Alaska provide services if they have an interest in the property?

Accepted Answer

Members of Real Estate Professionals Alaska will not provide services, professional or valuation-related, concerning a property in a transaction if they have any interest in the property, unless this interest is disclosed to all parties involved.

REAL ESTATE PROFESSIONALS ALASKA GROUP AT A GLANCE

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About REAL ESTATE PROFESSIONALS ALASKA GROUP AT A GLANCE

Frequently Asked Questions about REAL ESTATE PROFESSIONALS ALASKA GROUP AT A GLANCE

What is the mission of Real Estate Professionals Alaska?

What are the key ethical standards that members of Real Estate Professionals Alaska adhere to?

How do members of Real Estate Professionals Alaska handle cooperation with other brokers?

Are members of Real Estate Professionals Alaska required to disclose all facts about a property?

Can members of Real Estate Professionals Alaska provide services if they have an interest in the property?

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