(a) A document that conveys real estate may not include a provision that requires a subsequent grantee or grantor to pay a transfer fee to convey the real estate, except a document that conveys real estate may include a provision that requires a transfer fee if the fee is

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Terms Used In Alaska Statutes 34.15.105

  • Grantor: The person who establishes a trust and places property into it.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
(1) a loan assumption fee or similar fee charged by a person holding a lien on the property; or
(2) a fee or commission paid to a licensed real estate broker for brokerage services.
(b) In this section, “transfer fee” does not include

(1) a tax, assessment, fee, or charge imposed by a governmental authority;
(2) a recording fee;
(3) a fee payable to a nonprofit, mandatory homeowners association, condominium association, or cooperative under an applicable declaration or covenant; or
(4) a fee payable to an organization described in 26 U.S.C. § 501(c)(3) or (c)(4) (Internal Revenue Code) used exclusively for cultural, educational, charitable, recreational, environmental, conservation, or similar activities that benefit the real estate conveyed.
(c) A provision that violates this section is void.
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