Sec. 08.66.085. Insurance requirements.
A dealer in motor vehicles shall maintain liability insurance for bodily injury and property damage on an auto dealer’s form.
Sec. 08.66.260. Buyer’s agent contract required.
(a) Before a buyer’s agent negotiates on behalf of a buyer the purchase of a motor vehicle from a motor vehicle dealer, the buyer’s agent must have a written contract with the buyer. (b) The contract required by (a) of this section must include a description of the specific services to be provided by the […]
Sec. 08.66.270. Purchase agreement.
A buyer’s agent shall arrange for the buyer’s purchase agreement with the dealer to provide all warranty information, including the warranty expiration date, mileage limitations, and other restrictions. The warranty information must be specific to the motor vehicle being purchased.
Sec. 08.66.280. Fees of buyer’s agent.
(a) A buyer’s agent may not collect a fee from a buyer before the agent and the buyer enter into the contract required by AS 08.66.260. (b) A buyer’s agent may not calculate the fee of the buyer’s agent as a percentage of the motor vehicle purchase price or of the savings achieved by the […]
Sec. 08.66.290. Ownership interest prohibited.
A buyer’s agent may not own an interest in the motor vehicle that is the subject of the purchase that the agent is negotiating for the buyer.
Sec. 08.66.300. Certain compensation prohibited.
A buyer’s agent may not accept a rebate, kickback, commission, or other form of compensation from a financial institution, motor vehicle dealer, or other person, except the buyer, on a motor vehicle purchase that the agent negotiates for a buyer.
Sec. 08.66.310. Dual agency prohibited.
When representing a buyer, a buyer’s agent may not act as an agent for the motor vehicle dealer.
Sec. 08.66.320. Records of buyer’s agent.
A buyer’s agent shall maintain complete records of each motor vehicle purchase the agent negotiates, including the purchase arrangements and monetary transactions. The records must include (1) copies of advertisements, brochures, and pamphlets issued, used, or distributed by the buyer’s agent during the sales transaction; (2) the original contract between the buyer’s agent and the […]
Sec. 08.66.350. Definitions.
In this chapter, (1) “buyer’s agent” means a person who does business in the state by negotiating on behalf of a buyer the purchase of a motor vehicle from a motor vehicle dealer; (2) “department” means the Department of Administration; (3) “motor vehicle” means a motor vehicle that is required to be registered under AS […]
Sec. 08.66.050. Renewal of registration.
A dealer shall renew the registration required by this chapter before January 1 every two years.