Broker Upgrade

Broker/Associate Broker Licensing Requirements and Post-License Education        Broker Upgrade

An applicant wishing to become a licensed broker must complete 15 classroom hours or approved correspondence course for broker training.

A person must have completed 24 consecutive months within the last 36 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 15 classroom hours or approved correspondence course for broker training.

A person must have been a real estate licensee for 24 consecutive months within the last 36, 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/Associate Broker Post-License

You MUST complete the 30 hours of post-licensing education within 12 months of receiving your initial license. Once you have completed the required education you MUST submit an Affidavit of Post-Licensing Education and fee within 30 days after the 12 month period.
If you do not complete the required hours within the 12 month period, your license will lapse.

AREC Information for Broker/Associate Broker PLE
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