Alaska License Law
In Alaska, a real estate broker must maintain a separate trust account for:
AOnly earnest money deposits
BAll funds belonging to clients or third parties related to real estate transactions✓ Correct
COnly funds exceeding $10,000
DBroker's own operating reserves
Explanation
Alaska requires brokers to maintain separate trust accounts for all client and third-party funds — including earnest money, security deposits, advance fees, and any other funds received in connection with real estate transactions. No minimum amount threshold applies.
Related Alaska Alaska License Law Questions
- Under Alaska law, a real estate licensee's license is automatically suspended if the licensee:
- In Alaska, for dual agency to be legal, what is required?
- The Alaska Real Estate Commission has authority to do all of the following EXCEPT:
- An Alaska licensee who discovers their employing broker is engaged in fraud should:
- A real estate salesperson in Alaska receives an earnest money deposit from a buyer. The salesperson should:
- A newly licensed Alaska salesperson may begin practicing real estate:
- Alaska requires licensees to provide a written agency disclosure to clients:
- Which of the following is TRUE about an Alaska 'associate broker' license?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →