Real Estate Commission Report23 Jul


The AREC met in Anchorage on June 11. If you have an interest in attending future meetings the schedule is published on the AREC website. There are four regular meetings each year and usually occur in March, June, September and December. The meetings take place at the Atwood Building in Anchorage. The entire meeting is open to the public, but your input can only take place during public comment early in the agenda.

During this meeting’s public comment period the main two topics were payment of commissions to legal entities and how teams are handled by the AREC. One member of the public is pushing for a regulation project the states that all licensees can operate as legal entities. This approach broadens the discussion beyond the payment of commission to legal entities and still leaves open the payment of commissions to legal entities that are not solely made up of licensees, a position that AAR is opposed to.  While this topic is worthy of discussion, we asked that the AREC look at that as a separate discussion and move ahead with the easy fix for the vast majority of licensees by simply stating that brokers may pay a commission to a legal entity as long as the legal entity is made up solely of licensees. We believe that approach for a narrow regulation project complies with the intent of statutes and would survive legal review. A wider approach that allows licensees to operate as legal entities and for commissions to be paid to legal entities, regardless of how many unlicensed people are in the legal entity, would require a statute change. Statute currently states that only a natural person may have a real estate license and further mandates that a commission can only be paid to a licensee. We were disappointed that the AREC did not take action on this at the June meeting, but we are told that they will take action in the September meeting.

On how teams operate, it is becoming apparent that the AREC needs to either accept the fact that teams work differently from the rest of us and new regulations need to be addressed or they need to state very clearly that all licensees need to comply with current law regardless of how they prefer to operate. As teams desire to operate as a separate entity but do not want to open their own brokerage, perhaps making them open a branch office would work. Statute and regs are already in place to cover this approach.  This will also be on the AREC’s September meeting agenda with recommendations coming from Chairman Bates and Investigator Wiriwan. AAR has not taken a position on this issue but I am sure that Industry Issues will be taking this up after reviewing the AREC actions.

Some areas on this issue to watch for:

  • People are confused as to what brokerage the team members are under. It was suggested that Alaska adopt statutes that other states have that mandate that in any advertising the brokerage name as listed with the real estate commission be the most predominant on the sign, ad, etc. The area of forms used for listings, etc. would be covered here, also.
  • How are consumer pamphlets handled? Do all team members have to be on the form and have to be in the same relationship?
  • Is there sufficient broker oversight? It was reported that some licensees were unaware of who their actual broker was and were putting their team leader on license renewal forms as their broker.

The process has taken so long that many of you have probably forgotten about the mandatory Errors and Omissions Insurance. Earlier this year we were finally at the point for the AREC to go out for RFPs but then hit another snag. The new holdup is a concern within the division that the statute on E&O is not aligned with the state procurement code. They hoped to have a final opinion of this within a few weeks but at this writing it has been 4 weeks and no news. It’s only been 6 years or so, so what’s the hurry?

Sara Chambers, who took over for Dan Habeger as the Director of the Division, spoke at length. I was impressed with her apparent concern over fixing the budgetary issues and transparency issues that have plaguing both the Commission and the Division for years, now. Ms. Chambers testified recently at a Legislative Budget and Audit meeting on these issues and Industry Issues will be reviewing her testimony.

It was reported that the Recovery Fund is at or near the legislative cap of $500,000.00. Recent activity will certainly bring it down but it will stay at healthy levels.

In reviewing the minutes from the December 2013 meeting, I saw a report from Investigator Wirawan regarding the lack of the ability of the AREC to take action against an individual who violates an order of the Commission. This has been a long standing problem and I was glad to see her addressing the issue.

She gave the Commissioners a proposed change to AS 08.88.071 that would fix the problem. In the past AAR has taken on these projects that need to go through the legislative process, as we can handle it more efficiently. There are many cases, such as this, where our concerns are similar and we are able to help the Commission along with it’s goal of the protection of the public and get the job done faster. At the request of Commissioner Burke it was decided that it was not appropriate to work with AAR on these projects. I am sure that I can state on the behalf of Industry Issues Chair Errol Champion that AAR remains open to aiding in moving legislation that benefits AAR, AREC and the public. Sometimes it just makes sense to work together.

Comments are closed.

REALTORS® Vision Insurance

NAR’s Strategic Alliances Team is pleased to announce the introduction of a new offering which expands the REALTORS® Insurance Marketplace platform, under the Association’s REALTOR Benefits® Program: REALTORS® Vision Insurance.

Vision insurance has long been one of our most requested member benefits. REALTORS® Vision Insurance is designed exclusively for members of the NATIONAL ASSOCIATION OF REALTORS® and their families. There are two guaranteed-issue group plans from which to choose: a PPO option and a non-PPO option. Both provide great, competitive rates and include annual eye exam benefits and savings on frames, lenses, and contact lenses.

REALTORS® Vision Insurance is underwritten and administered by Ameritas Group and SASid, Inc., the same trusted companies responsible for NAR’s successful and long-term group dental plan, REALTORS® Dental Insurance.

If you haven’t explored REALTORS® Insurance Marketplace lately, I encourage you to do so and to remind your members of this important resource. REALTORS® Vision Insurance rounds out the platform of robust insurance and wellness products available through the Marketplace. Here, members will find a private major medical health insurance exchange, dental insurance, supplementary health plans, short term health insurance, a telemedicine service plan, a prescription drug discount card, and now an excellent choice for vision insurance. The Marketplace makes plan enrollment easy, and benefit specialists are available via phone to answer all questions. Personal consultations are complimentary.

Please find below a fact sheet outlining the details of this new offer. For questions about REALTORS® Vision Insurance or the REALTOR Benefits® Program, please call me at extension 8269 or contact a member of the REALTOR Benefits® Program team listed in the “NAR Contact Information” section of the fact sheet.

REALTORS® Vision Insurance

Fact Sheet

 What:  NAR announces the addition of a new offering to REALTORS® Insurance Marketplace, under the REALTOR Benefits® Program: REALTORS® Vision Insurance.

 Launch Date:  November 13, 2015

 Who Is Eligible:  NAR members and their families. REALTOR® Association staff with a NRDS ID and their families. See the website for state and territory availability.

 There is an option for Brokers and REALTOR® Associations who are interested in setting up a List-Billing option for their employees.  Please contact SASid directly at 877-267-3752 to learn more.

 REALTORS® Vision Insurance Benefits and Highlights

There are two plans from which to choose: the Premier PPO Vision Plan and the Freedom Vision Plan.

Premier PPO Vision Plan

  • Plans begin at $12.70 per month, with a one-time $10 enrollment fee
  • Group member benefits on annual eye exams, frames, lenses, and contact lenses
  • Plan has a preferred network: EyeMed Select; seeing in-network eye-care professionals can reduce out-of-pocket costs
  • EyeMed Select network includes 42,000+ providers at over 19,000 locations nationwide, including LensCrafters, Target Optical, Pearle Vision, Sears Optical, and JCPenney Optical
  • Discounts on LASIK or PRK procedures at US Laser Network participating providers


Freedom Vision Plan (non-PPO)

  • Plans begin at $14.06 per month, with a one-time $10 enrollment fee
  • Group member benefits on annual eye exams, frames, lenses, and contact lenses
  • This is a non-PPO plan: you have the freedom to visit the eye-care professional of your choice
  • Enjoy an additional 15% discount off of eyewear frames and lenses at Walmart Vision Centers
  • Coupons, promotional discounts, and negotiated prices can also be used with this plan
  • How it works: you pay your eye-care provider at time of service, and then submit a claim form and receipt to Ameritas Group, the underwriter, for reimbursement. Calendar year maximum is $200.Visit the REALTORS® Vision Insurance website for complete plan details, exclusions, and restrictions.

About Ameritas

REALTORS® Vision Insurance is underwritten by Ameritas Group, a division of Ameritas Life Insurance Company, the long-term underwriter for NAR’s popular dental insurance program, REALTORS® Dental Insurance. Ameritas is rated “A” (Excellent) by A.M. Best Company.

 About SASid, Inc.

The administrator for REALTORS® Vision Insurance is SASid, Inc. (Smart and Simple Insurance Development), the long-term and trusted NAR partner responsible for creating and managing REALTORS® Insurance Marketplace, which houses NAR’s insurance and wellness solutions, including:

  • Members Health Insurance Exchange
  • SMART Short Term Medical
  • REALTORS® Dental
  • Members TeleHealth
  • Accident Deductible Protection
  • REALTORS® Core Health
  • Drug Card America

Since 2009, REALTORS® nationwide have put their trust in SASid to help them navigate and enroll in the right insurance plans for themselves and their families. SASid develops technologies and online insurance products from top insurance carriers and nationwide distribution networks.

 To Learn More 

 NAR Contact Information

Anne Cadigan, Strategic Alliances Account Manager


Kristin Maurelia, Managing Director, Strategic Alliances


 Ken Burlington, Vice President, Strategic Alliances


We’ve narrowed down the details into a few key points for easy sharing.

 Note: information is valid as of November 2015 and approved for use through 12/31/2015. If interested in sharing this information past 12/31/2015, please contact NAR’s Strategic Alliances Team at 1-800-NAR-5233.

 New offer! The National Association of REALTORS® announces the addition of a new insurance plan which expands the REALTORS® Insurance Marketplace platform under the Association’s REALTOR Benefits® Program: REALTORS® Vision Insurance.

NAR members and their families are eligible, and there are two plans from which to choose. Both plans offer group member benefits for annual eye exams, frames, lenses, and contact lenses.

  1. Premier PPO Vision Plan has a preferred network of providers, with plans beginning at $12.70.
  2. Freedom Vision Plan (non-PPO) allows you to choose any provider, with plans beginning at $14.06.

 Visit to learn more.  

The REALTOR Benefits® Program is the official member benefits program of the National Association of REALTORS®, connecting members with discounts and special offers on products and services just for REALTORS®. Current partner listing and offer details can be found at Follow us on Facebook.

Contact Information

Alaska Association of REALTORS®
4205 Minnesota Drive
Anchorage, Alaska 99503

Phone (907) 563-7133
FAX (907) 561-1779
Toll-Free (800) 478-3763