There are four different types of relationships established by Alaska Real Estate Law:

Specific Assistance - Licensees owes "Duties owed by a Licensee in all Relationships" as described in this

pamphlet.

Representation - Licensee owes "Duties owed by a Licensee when Representing a Party" as described in this

pamphlet.

Designated Licensee - This occurs when a Licensee represents or provides specific assistance to a party to a

transaction and another Licensee within the same company represents or provides specific assistance to the other

party in the same transaction.

Neutral Licensee - This occurs when a Licensee does not represent either party but provides specific assistance to

both parties in the same transaction. The parties must authorize the Neutral Licensee relationship by signing the

"Waiver of Right to be Represented" form.

Duties owed by a Licensee in all Relationships:

Exercise reasonable skill and care;

Deal honestly and fairly;

Present all written communications in a timely manner;

Disclose all material information regarding the physical condition of a property;

Account for all money and property received.

Duties owed by a Licensee when Representing a Party:

Duties owed by Licensee in all relationships listed above;

Not knowingly do anything that is adverse or detrimental to your interest;

Disclose all conflicts of interest to you in a timely manner;

If a matter is outside their area of expertise, advise you to seek expert advice;

Not disclose confidential information even after the relationship ends, from or about you without written permission,

except under a subpoena or court order;

Make a good faith and continuous effort to accomplish your real estate goals. However, once you have entered into

a specific real estate transaction agreement, their efforts refocus on its successful completion.

Your Real Estate Licensee may also work with a variety of other clients (they represent) and customers (they provide

specific assistance to) in different working relationships. In those situations, representing or providing specific assistance to

other sellers, buyers, lessors, and lessees does not create a conflict of interest while working with you, or within the duties

mentioned above.

Occasionally, as a Seller or Lessor, a situation may arise that your Real Estate Licensee also is representing another client

(Buyer or Lessee) Who then becomes interested in your property - or vice versa.

Prior to showing the property, the Real Estate Licensee must obtain a written approval to be a Neutral Licensee for both

parties. A Licensee may not show property as a neutral licensee without obtaining your written consent entitled "Waiver of

Right to be Represented" and it will restate the duties outlined above and additional ones owed by your Real Estate

Having a different designated Licensee working for a seller or lessor and for the buyer or lessee in the same real estate

transaction does not create dual agency or a conflict of interest for the real estate broker or for a Licensee employed by the

same real estate broker.

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Unless agreed in writing otherwise, the following are the duties your Real Estate Licensee does not owe to you:

To conduct an independent investigation of a property

To conduct an independent investigation of anyone's finances

To independently verify the reliability of the accuracy or completeness made by a party to a real estate transaction

To show or search for properties without compensation

I understand and acknowledge receiving and reading this pamphlet on the type of relationships I may have with the real

estate Licensee (including the broker).

I understand and acknowledge that (Licensee) of

(company) will be working with me under the following relationships:

_____ Specific Assistance without Representation

_____ Representing the Seller/Lessor only (may assist Buyer/Lessee)

_____ Representing the Buyer/Lessee only (may assist Seller/Lessor)

_____ Under Preauthorized Neutral Licensee (attached "Waiver of Right to be Represented")

Date: ___________ Time: ____________ ____________________________________________________________

Date: ___________ Time: ____________ ____________________________________________________________

Date: ___________ Time: ____________ ____________________________________________________________

Real Estate Licensee

Date: ___________ Time: ____________ ____________________________________________________________

Real Estate Company

08-4145 (9/04)

Duties of a Neutral Licensee:

Occasionally, a Licensee is "Representing" a client (Buyer or Lessee) that has interest in acquiring a property where the

Seller or Lessor is also "Represented" by the same Licensee. Prior to showing the property, the Licensee must obtain

written approval from both parties to change their working relationship from representation to providing specific assistance

in a neutral capacity.

A Licensee in a "Neutral" capacity owes both parties the following duties:

Exercise reasonable skill and care;

Deal honestly and fairly;

Present all written communications in a timely manner;

Disclose all material information regarding physical condition of a property;

Account for all money and property received;

Not knowingly do anything that is adverse or detrimental to your interest;

Disclose all conflicts of interest to you in a timely manner;

If a matter is outside their area of expertise, advise you to seek expert advice;

Not disclose confidential information, even after the relationship ends, from or about you without written

permission, except under a subpoena or court order to include:

In the event of the situation described above, I hereby acknowledge that I am waiving my right to be "Represented" and

authorize the undersigned Licensee to act in a "Neutral" capacity.

_____________________________________ ______________________________________

Buyer/Seller/Lessee/Lessor Date Buyer/Seller/Lessee/Lessor Date

_____________________________________ _____________________________________

Real Estate Licensee Date Real Estate Company

Additional Authorization

I hereby authorize the "Neutral" Licensee to engage in the following conduct in a good faith effort to assist in reaching final

agreement in a real estate transaction:

Analyzing, providing information on, or reporting on the merits of the transaction to each party;

Discussing the price, terms, or conditions that each party would or should offer or accept; or

Suggesting compromises in the parties' respective bargaining positions.

_____________________________________ _______________________________________

Buyer/Seller/Lessee/Lessor Date Buyer/Seller/Lessee/Lessor Date

08-4212 (9/04)