Alaska License LawAdvancedAlaska Exam
An Alaska broker must maintain a trust account unless:
AAll clients sign a waiver of trust account requirement
BThe broker handles only commercial transactions
CThe broker's written office policy prohibits accepting earnest money
DThe broker does not handle any client fundsCorrect
Why The broker does not handle any client funds Is Correct
Answer D: The broker does not handle any client funds
An Alaska broker is only relieved of the trust account requirement if the broker does not accept, control, or handle client funds at any time. If the broker ever receives client funds such as earnest money or rents, a separate trust account must be maintained.
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