Thinking about a career in real estate?
- What are the requirements to become a licensed real estate salesperson in Alaska?
- If I'm already licensed in another state what are the requirements to also become licensed in Alaska?
- As a Veteran, am I eligible for reimbursement of any of my licensing costs through the GI Bill?
- Can I work part-time in real estate?
- What are my expenses as a REALTOR®?
- How soon will I make an income? How much can I expect to earn?
- How long does it take to get my license?
- How do I find business?
- What characteristics make a great REALTOR®?
- What equipment and tools will I need for my real estate business?
- When and how are real estate agents paid?
- Be at least 19 years of age
- Not be under indictment for a felony or other crime that in, in the judgment of the Commission, affects the individual’s ability to practice as a real estate salesperson competently and safely or under indictment for forgery, theft, extortion, conspiracy to defraud creditors, or fraud.
- Complete 40 hours of an Alaska Real Estate Commission-approved pre-licensing course.
- Pass the Alaska real estate salesperson exam ($100 exam fee as of 5/1/15)
- Submit a Salesperson License by Examination application (#08-4179) for licensure under a broker with the appropriate licensing fees (As of 5/1/15: $175 nonrefundable application fee + $325 License fee + $30 Recovery Fund Fee=$530).
Note: If an individual holds or has ever held a real estate license in another state(s) a license history is required from each state before a license will be issued.
If I'm already licensed in another state what are the requirements to also become licensed in Alaska?
According to Alaska Real Estate Commission Statutes Section 08.88.263. License by endorsement:
A person who holds a valid active real estate license issued by another state shall be granted an equivalent Alaska real estate license if that person
(1) passes the portion of the real estate examination which examines on Alaska law;
(2) meets the requirements of AS 08.88.171[i.e. Eligibility for license]; and
(3) satisfies the educational requirements under AS 08.88.095(a) if the person has not held the license issued by the other state for one year or more.
The Alaska real estate exams have been added to the approved list of licensing tests for reimbursement of veterans’ education benefits with the GI Bill. Veterans may receive reimbursement for the Alaska Real Estate Broker/Associate Broker and Salesperson exam by submitting the form below directly to the VA regional processing center in Muskogee, Oklahoma.
- Name of Applicant.
- Mailing Address.
- Social Security Number.
- VA File Number (for Dependents only).
- Home and Work Telephone Numbers.
- Name of Exam (Alaska Real Estate Broker/Associate Broker Exam -or- Alaska Real Estate Salesperson Exam).
- Date Exam was taken (a copy of exam results must be attached).
- Cost of Exam (a copy of a receipt showing the cost of exam must be attached).
If you have not applied for VA benefits before you must also complete the applicable form(s) below and submit it with the reimbursement form.
Veterans can find more information regarding education benefits on the VA web site at gibill.va.gov
Jack White Associates are dedicated career professionals. We believe Buyers and Sellers are best served by REALTORS® committed to maintaining current knowledge and skills. Sales jobs are demanding and require full-time attention and commitment.
There are start-up and ongoing expenses that are both fixed (dues, insurance, communication tools, etc.) and variable (marketing, mobile phone, auto expenses, etc.). For a list of typical expenses, please contact us.
First year production is extremely unpredictable. On average, it takes four to six months for a new Sales Associate to close their first transaction and receive a commission. First year top-producing "rookies" have earned incomes as much as $90,000 and some more than $100,000.
Your total time invested can be one to two months from taking the Pre-Licensing class to passing your exam and affiliating with a Broker.
The best way to generate business is to take a multifaceted approach. Open houses, floor time, social networking, contacting your personal referral network, geographic farming of neighborhoods and personal marketing are just a few of the ways you will generate business for yourself. Depending on the company you affiliate with, you may also have the opportunity to receive “leads” that the company has generated to provide to licensees.
- Willing to work hard
- Good Self- Image
- Likes to help Others
- A Servant Spirit
- Independent and Creative
- Handles frustration well
- Committed to Continual Education
- Self Motivated
- Dependable and Reliable
- Organized and Detailed
- Willing to work long hours
- Strong Communication and Presentation Skills
- Professional Personal Image
- Competitive and Goal-Oriented
- Good Time Manager
- Results Oriented
- Problem Solver
- Committed to a Career
- Can Prospect and Ask for Business
With many (if not all) of the tools in the industry web-based, we highly recommend a smart phone with email capabilities and a laptop computer or tablet. Depending on the company you affiliate with, you may be provided with a company email account and a direct office phone line.
Selling residential real estate is a commission-based income. Licensees are paid once there is a closing of a sale. The commission check is split with the company that you affiliate with.