Alaska License Law
A real estate salesperson in Alaska receives an earnest money deposit from a buyer. The salesperson should:
AHold the check personally until closing
BDeposit it immediately into their personal savings account
CPromptly deliver it to their employing broker for deposit into the trust account✓ Correct
DReturn it to the buyer for safekeeping until the offer is accepted
Explanation
A salesperson does not have authority to hold or deposit trust funds independently. All earnest money must be promptly turned over to the employing broker, who is responsible for depositing it into a properly maintained trust account.
Related Alaska Alaska License Law Questions
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