AK Real Estate study plan
AK Real Estate · Give each week a clear focus.
8 weeks · About 7 hours per week
Alaska Licensing Law and Real Estate Commission Regulations
Map every Alaska licensing requirement (education hours, application steps, exam-to-license timeline, post-license and continuing education) into a one-page timeline you can recite from memory
List each action that triggers Alaska Real Estate Commission discipline, then match it to the correct penalty range and reporting duty
Distinguish the duties of the designated broker, associate broker, and salesperson in Alaska, including supervision and escrow-handling responsibilities
Draft 15 original flashcards on Alaska-specific advertising, office, and recordkeeping rules and self-quiz until 90% recall
Your checkpoint
A one-page Alaska licensing and discipline cheat sheet plus a closed-book 20-question self-test scored at 80% or better
Agency, Fiduciary Duties, and Representation & Contracts and Transaction Documents
Classify five fact patterns into the correct agency relationship (single agent, transaction broker, subagency, dual agency) and explain the disclosure duty for each
Rank the fiduciary duties (care, obedience, loyalty, disclosure, confidentiality, accounting, reasonable skill) and write one concrete breach example per duty
Sequence the steps of a residential purchase and sale contract from offer to closing, naming the document produced at each step
Identify which contract clauses control contingencies, earnest money, and default remedies, and explain what happens to earnest money in three dispute scenarios
Build a comparison table of the required disclosures in Alaska and who must deliver each one and when
Your checkpoint
A completed contract-and-agency flow chart with every document, disclosure deadline, and fiduciary trigger labeled, plus a 15-question quiz scored at 80%
Property Ownership, Interests, and Transfer of Title & Alaska-Specific Practice: Land Sales Practices Act, Landlord-Tenant Law, Recording, and Property Taxation
Differentiate the forms of ownership (severalty, tenancy in common, joint tenancy, tenancy by the entirety, community property) and state how title passes for each at death
Trace the recording process from delivery of a deed to constructive notice, and explain how priority disputes are resolved under Alaska recording rules
Compare warranty, special warranty, bargain and sale, and quitclaim deeds by the covenants each carries
Summarize the Alaska Land Sales Practices Act disclosure and registration obligations for subdivided land offerings
Outline Alaska landlord-tenant rules on security deposits, notice to terminate, habitability, and eviction procedure
Explain Alaska property tax mechanics: assessment, appeal deadlines, exemptions, and lien priority
Your checkpoint
A two-column reference sheet covering recording/title concepts and Alaska land sales, landlord-tenant, and tax rules, validated by a 25-question mixed quiz at 80%
Real Estate Financing and Lending
Match loan products (conventional, FHA, VA, USDA, adjustable-rate, balloon, bridge) to borrower profiles and state each loan's down payment, insurance, and qualification constraints
Compute monthly PITI from principal, rate, term, taxes, and insurance, and explain how each input changes the payment
Explain the loan origination sequence from pre-approval through underwriting, appraisal, and closing disclosure, naming the disclosure timing rules
Interpret the effect of RESPA, TILA, ECOA, and fair lending rules on advertising and borrower communications
Describe Alaska-specific lending considerations such as rural and Native corporation land, appraiser access, and seasonal construction timelines
Your checkpoint
A completed PITI worksheet with five worked scenarios plus a one-page lending-timeline and disclosure-deadline reference
Real Estate Practice, Advertising, and Required Disclosures
Write three compliant property advertisement drafts and flag every required disclosure, including agency status, license number placement, and fair housing language
Identify the specific advertising statements that violate fair housing law and rewrite each one lawfully
List the disclosure obligations triggered by material property defects, stigmatized property, and known environmental hazards, and specify the timing for each
State the recordkeeping and retention rules for transaction files under Alaska Commission regulations
Draft a client intake script that captures agency disclosure and signed acknowledgment before substantive advice is given
Your checkpoint
A portfolio of three compliant ads, one corrected ad-per-violation log, and a one-page disclosure checklist scored against a self-built rubric
Land Use Controls, Regulation, and Environmental Issues & Valuation, Market Analysis, and Pricing
Categorize zoning classifications and the mechanisms of relief (variance, conditional use permit, nonconforming use) and apply them to four land-use scenarios
Outline the steps of public land-use approval and identify where due process, notice, and takings issues arise
Recognize environmental red flags (wetlands, endangered species, contamination, lead-based paint, radon, asbestos) and state the required disclosure or remediation step for each
Apply the three appraisal approaches to a subject property and justify which approach dominates for a given property type
Perform a CMA using comparable selection, adjustment grids, and absorption-rate reasoning, then reconcile to a price range
Your checkpoint
A completed comparable-adjustment grid with a reconciled price range and a written justification memo citing all three valuation approaches
Real Estate Calculations and Closing Math
Compute commission splits, seller net proceeds, buyer closing costs, and prorations for taxes, rent, and interest using the correct calendar and banker's year conventions
Solve loan-to-value, down payment, discount point, and amortization problems without a calculator and verify each with one
Convert between area, acreage, and price-per-unit measures, and compute capitalization rate, gross rent multiplier, and NOI
Complete a full closing statement from a fact pattern and reconcile debits and credits to balance
Your checkpoint
A timed 30-problem math set completed at 85% accuracy or better, with every missed problem reworked and explained in writing
Agency, Fiduciary Duties, and Representation & Alaska Licensing Law and Real Estate Commission Regulations
Retake every prior quiz and log each miss by domain, then re-drill only the two weakest domains until each is above 85%
Complete at least two full-length timed practice exams simulating real test conditions and score each before review
Recite from memory the fiduciary duties, Alaska licensing discipline triggers, and disclosure deadlines without notes
Build a final one-page summary sheet of the facts you missed most often and review it the day before the exam
Your checkpoint
A score log showing at least two full-length practice exams at 75% or higher with all flagged misses resolved
Milestones
Week 2: Closed-book quiz on agency and contracts scored 80% or better, with every fiduciary duty and contract contingency explained aloud without notes
Week 4: Alaska licensing, title/ownership, and land sales quiz scored 80% or better; PITI worksheet solved correctly for all five scenarios
Week 6: Combined valuation and land-use quiz scored 80% or better; adjustment grid reconciled to a defensible price range
Week 7: Timed 30-problem math set completed at 85% accuracy with all misses reworked
Week 8: Two full-length timed practice exams scored 75% or higher, with a domain-by-domain error log showing no domain below 70%