Commission News

The Alaska Real Estate Commission (AREC) met on June 3 welcoming PeggyAnn McConnochie and Traci Barickman as new Commissioners and saying farewell to Anita Bates and Brad Cole. Anita and Brad gave years of valuable service to the State of Alaska and our industry and their time and efforts are greatly appreciated. My personal thanks to both of you. The meetings are open to the public, and public testimony always takes place as one of the first items on the agenda. If you have concerns about license law issues this is your chance to be heard on the record. The next meeting is on September 2nd in the Atwood Building at 550 w. 7th Ave, Suite 1270 in Anchorage. They usually have signs directing you to the meeting room. The Commissioners are specifically asking for input during public comment on how real estate “teams” are operating, how they should be operating, how they should be advertising, how they should be disclosing licensee relationships, etc. Do teams need to be adjusting themselves to make sure they are complying with current statutes and regulations, or should the laws and regulations be tweaked to work with this ongoing way of doing business? Please give your input either in writing to the AREC or take time to come in to the meeting during public comment to help educate the Commissioners on this important topic. It is apparent that changes will be made to our laws and your timely input helps them get it right.

It was announced that the AREC is looking for volunteers to serve on an ongoing education committee. One area they are currently reviewing is Post Licensing Education. It was determined in the past that after completing pre-licensing education that the new licensee should receive a certain amount of post licensing education within one year of licensure. The theory was that putting more in pre vs. post was not as effective as having the post licensing education given while they are operating with real world experience. The Commissioners still feel this is appropriate in the case of new licensees, but are questioning whether this is appropriate with licensees upgrading to associate broker or broker. The majority opinion appears to indicate a change to more pre-license education for this category and dropping the post.

The AREC announced that it would start fining licensees for violations of advertising statutes and regulations. The first offense is $250.00, then $500.00 and up to $1000.00 for the third offense. Both the offending licensee and their broker will receive these fines. They remind you that according to AS 08.88.130(8) all advertising must contain the name of the brokerage as registered with the AREC.

In other business it was reported that the Recovery Fund had a balance of $471,000.00. Also in the financial arena, there is concern among the Commissioners that the ten year look back that took place that is the basis for most or all of cost allocations in the Division is flawed due to incorrect data from the start. The accounting issues for the Division go way back, and it’s doubtful they will ever be fully resolved. The AREC is doggedly following up the issue in an attempt to bring as much resolution as possible. It was reported that the regulation making it legal to pay commissions to legal entities is finally in place. This states that a brokerage may pay a commission to a legal entity as long as the entity is made up of only licensed individuals. Paying a commission to any other legal entity is still considered illegal; it is the responsibility of the broker to make sure the legal entity they are making a commission check to is made up of only licensees. The AREC reports that there are 2,527 active licensees with 90 new licensees in that quarter. The AREC will be working on a new and updated Brokers Manual.

Please remember that a new Consumer Disclosure (former pamphlet) and Waiver of Right to be Represented form are now in use. You must be using these on all new contacts and contracts or you are committing a license law violation.


Submitted by Dave Somers, Somers & Associates, Fairbanks
Alaska Real Estate Commission Liaison


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