Alaska's statutes and regulations set forth stringent requirements governing licensees' behavior to ensure that the interests of the public are always protected. This course discusses the elements of a valid contract, various contracts used in the real estate industry, how to manage multiple offers as well as how to correct contract errors and modify existing contracts. Diligent brokers and salespersons who have a solid understanding of contracts and their legal effect will ensure they remain in compliance with Alaska law while providing excellent service to their clientele.