An Alaska licensee is reviewing a broker reconciles trust accounts used for property management. What is the best answer?
Correct Answer
C) Trust accounts must be reconciled monthly by comparing the bank statement, check register, monthly deposits and expenditures, and transaction ledgers
12 AAC 64.220(f) requires monthly trust-account reconciliation. 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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