Alaska License Law
An Alaska broker who receives an earnest money deposit must maintain a separate trust account and may NOT:
ADeposit funds within 3 banking days of receipt
BCommingle personal funds with client funds✓ Correct
CMaintain records of all trust account transactions
DAllow the account to be inspected by the Commission
Explanation
Commingling — mixing client trust funds with the broker's personal or business funds — is strictly prohibited. Brokers must maintain separate trust (escrow) accounts for client funds and may not use those funds for personal or business expenses.
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