1. The most the Alaska Real Estate Recovery Fund will pay for any one transaction is:
Answer & explanation
Answer: B. AS 08.88.465(a) limits payment to $15,000 per transaction regardless of the number of claimants. $50,000 is the per-licensee limit.
law
Alaska Real Estate Recovery Fund
A consumer protection fund under AS 08.88.450-.495, financed by a recovery fund fee collected with license fees. A person who lost money in a real estate transaction through a licensee's fraud, intentional tort, deceit, or conversion of trust funds may claim after obtaining a final judgment, arbitration award, or settlement and showing it is uncollectable. Payouts are capped at $15,000 per transaction and $50,000 per licensee, and claims must be filed within two years.
- Exam tip
- The cap is per transaction, not per claimant: several victims of one sale share $15,000. After paying, the Commission is subrogated to the claimant's rights and may suspend the licensee.
- Example
- Three buyers lose $12,000, $9,000, and $6,000 in the same sale. Even though losses total $27,000, the fund pays at most $15,000, split among them.
Related terms & state variants
Sources
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Last verified: 2026-10-23