Alaska License Law
A licensee who receives an earnest money check but cannot deposit it in the trust account immediately because the bank is closed must:
AReturn the check to the buyer until the bank opens
BKeep it in a secure place and deposit it within 3 banking days✓ Correct
CDeposit it in the broker's operating account temporarily
DHold it uncashed and record it as a pending deposit
Explanation
If the bank is closed, the licensee must safeguard the funds and deposit them in the trust account within 3 banking days of receipt. Depositing in the operating account, even temporarily, constitutes commingling.
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