AK Real Estate study materials
AK Real Estate study resources

AK Real Estate study plan

AK Real Estate · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

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

Week 2

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%

Week 3

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%

Week 4

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

Week 5

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

Week 6

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

Week 7

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

Week 8

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%