Section 12.64.061. License by endorsement.

	(a)  A license which has lapsed, been suspended, been surrendered by a licensee for disciplinary reasons, or a license which has been limited in any way for disciplinary reasons is not considered valid and active for purposes of licensure by endorsement.  
	(b)  A licensee who requests licensure by endorsement must have a certification of license status sent directly to the commission from the other licensing authority.  
	(c)   For purposes of licensure by endorsement, a valid and active license is a real estate license that is issued by another state and is equivalent to a license issued by this state. For the license to be considered active, the applicant for a license in this state must have met standards of activity and license status in the other state that are equivalent to the standards in this state for active licensure as provided in 12 AAC 64.080, 12 AAC 64.110, and AS 08.88.171. The applicant must have worked as a real estate licensee as a principal occupation. Within the six months immediately preceding application under AS 08.88,  an applicant applying for a  
		(1) broker license or associate broker license must submit an affidavit that states that the applicant has, within those six months  
			(A) owned a real estate business;  
			(B) been employed as a broker by a corporation or partnership; or  
			(C) been an actively licensed broker or associate broker under another broker; the commission may  
				(i) determine that the applicant must provide additional information regarding the applicant's active status by furnishing a report of listings and sales accomplished by the applicant during two or more years within the last three years of licensure immediately preceding application in order to verify that the applicant meets the requirements of this subparagraph; the report must be certified as correct by the broker with whom the applicant has been associated; if due to conditions outside of the control of the applicant, a broker is not reasonably available to certify the report, an applicant may request and receive approval from the commission for an alternative manner to provide verification that the report is correct;  
				(ii) require additional investigation and inquiry relating to the applicant's qualifications under this subparagraph;   
		(2) salesperson license must submit an affidavit that states that the applicant has, within those six months, been employed by or affiliated with a broker as a salesperson; the commission may require the applicant to submit listings, sales records, or proof of other licensed activities to verify that the applicant meets the requirements of this subsection.  

Authorities

08.88.071;08.88.081;08.88.263

Notes

Reference

12 AAC 64.059

Authority

AS 08.88.071 AS 08.88.081 AS 08.88.263

History

Eff. 12/6/81, Register 80; am 9/29/83, Register 88; 7/16/94, Register 131; am 2/12/99, Register 149; am 2/5/2010, Register 193