A broker in Alaska asks a salesperson about a broker establishes a trust account for managed property funds. Which answer follows Alaska law?
Correct Answer
B) The account must be in a federally insured bank authorized to do business in Alaska and the account name must include trust account or trustee account
12 AAC 64.180 requires a qualifying trust account and account name. Source basis: Alaska DCCED Real Estate Commission RECregulations.pdf and Alaska Court System PUB-30 Landlord and Tenant Act booklet: cited rules include 12 AAC 64.180, 64.200, 64.220, 64.240, 64.550, 64.560, 64.570 and AS 34.03 security-deposit/remedy rules; checked 2026-04-30.
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