Real Estate Commission Broker Licensing Requirements Broker/Associate Broker Licensing Requirements In accordance with AS 08.88.171, a person desiring to acquire any type of real estate license in Alaska must: Pass the appropriate exam. Not be under indictment for conspiracy to defraud, or fraud. Apply for licensure within six months after passing the exam. Pay the appropriate fees [12 AAC 64.073 and 12 AAC 02.360]. Meet the appropriate education requirements. Obtain and maintain E&O insurance. Additional Requirements for Broker's License An applicant wishing to become a licensed broker must complete 30 classroom hours of approved broker training. A person must have completed 36 consecutive months within the last 60 months as a real estate licensee, and real estate must have been his/her principal occupation; he must either own a real estate business or work as the broker for a corporation or partnership. A corporation or partnership can have only one broker in charge. If a second person, meeting the qualifications of a broker, holds an ownership position or is employed by the company, that person is considered an associate broker. If a broker no longer meets the conditions of ownership or corporate employment, his/her broker license is suspended until such time as that status is resumed; alternatively, he/she may become an associate broker in another broker's office. A person who has been convicted of a felony of one of the types listed above may not be granted a broker's license until seven years after the complete sentence has been served. [AS08.88.171(a) and 12 AAC 64.950]. Additional Requirements for Associate Broker's License An applicant wishing to become an associate broker must complete 30 classroom hours of approved broker training. A person must have been a real estate licensee for 36 consecutive months within the last 60, and real estate must have been his/her principal occupation. He/she must have passed the broker's exam and be affiliated with a licensed broker. A person who has been convicted of a felony of one of the types listed above may not be granted an associate broker's license until five years after the complete sentence has been served. [AS08.88.171(a) and 12 AAC 64.950]. Broker Applications & Forms Exam Information