Alaska Commercial Purchase and Sale Agreement

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An Alaska commercial purchase and sale agreement is an offer from a buyer to a seller to buy their property under specific terms. If accepted, the offer converts to a legally binding purchase and sale agreement with commonly 2% to 5% that is paid by the buyer as the earnest money deposit. If the buyer does not purchase the property due to one of the contingencies then the buyer is owed the earnest money returned, if not, then the seller is able to keep the deposit.

Disclosures

Consumer Pamphlet (AS 08.88.600) – Required to be issued and signed by any party that comes in contact with a real estate agent, whether or not they are representing them.

Residential Property

Alaska Residential Purchase Agreement – Use for residential buyers and sellers seeking to exchange property for cash or trade.

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