{"data":{"id":"us-ak/as-08.88.695","jurisdiction":"us-ak","citation":"AS 08.88.695","heading":"Definitions for AS 08.88.600 — 08.88.695.","body":"In AS 08.88.600 — 08.88.695,\n(1) “compensation” includes a commission;\n(2) “confidential information” means information from or concerning a person that\n(A) the licensee acquired during the course of the licensee's relationship as a licensee with the person;\n(B) the person reasonably expects to be kept confidential;\n(C) the person has not disclosed or authorized to be disclosed to a third party;\n(D) would, if disclosed, operate to the detriment of the person; and\n(E) the person is not obligated to disclose to the other party in a real estate transaction;\n(3) “designated licensee” means\n(A) a real estate licensee who works for a real estate broker and represents or provides specific assistance to a person in a real estate transaction when another licensee who is working for the same broker represents or provides specific assistance to an unrepresented person in the same transaction; or\n(B) a real estate broker who represents or provides specific assistance to a person in a real estate transaction when another licensee who is working for the broker represents or provides specific assistance to another person in the same transaction;\n(4) “neutral licensee” means a real estate licensee who\n(A) provides specific assistance to both the buyer and the seller, or both the lessor and the lessee, in a real estate transaction; and\n(B) does not represent either party;\n(5) “personal services contract” includes a listing, a fee agreement between brokers and sellers, buyers, lessors, or lessees, a management contract with property owners, or any other agreement by which a broker agrees to perform a duty with respect to real estate for an agreed upon fee or commission;\n(6) “real estate services” means services related to a real estate transaction;\n(7) “represent” means to provide real estate services to a person if the services are not limited to specific assistance;\n(8) “specific assistance”\n(A) means\n(i) asking questions regarding confidential information for a real estate transaction;\n(ii) showing pieces of real estate selected for a buyer's or lessee's specific needs or desires;\n(iii) preparing a written offer for a real estate transaction; or\n(iv) entering into a personal services contract;\n(B) does not include\n(i) hosting an open house;\n(ii) casual conversation regarding real estate;\n(iii) receiving calls or electronic inquiries from the licensee's signs, advertisements, or Internet site;\n(iv) providing information regarding a piece of real estate;\n(v) setting an initial appointment to show a piece of real estate;\n(vi) receiving unsolicited information from a buyer or lessee before or after disclosure of a real estate relationship.","path":["Title 8. Business and Professions.","Chapter 88. Real Estate Brokers and Other Licensees.","Article 5. License Relationships and Duties."],"source_url":"https://www.akleg.gov/basis/statutes.asp#08.88.695","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:30Z","sha256":"dc076d7153906f2151fe7b1f447caa3228ddc9402591268bce032f18b8bd3b83","source_id":"us-ak","stale":false,"prev":"us-ak/as-08.88.690","next":"us-ak/as-08.88.900"},"notice":"GroundRules: Original legal text. Not legal advice."}