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Practice Of Real EstatePropertyManagementMEDIUM

Which Alaska rule applies when a property manager receives prepaid rent or security deposits subject to Alaska landlord-tenant requirements?

Correct Answer

C) Failure to deposit prepaid rents or security deposits in a trust account as required by AS 34.03 is fraudulent or dishonest conduct

12 AAC 64.560 treats failure to deposit prepaid rents or security deposits as required by AS 34.03 as fraudulent or dishonest conduct. 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.

Answer Options
A
Property management money can be handled in an ordinary operating account if the owner agrees orally.
B
The rule applies only to sales transactions and never to rental management.
C
Failure to deposit prepaid rents or security deposits in a trust account as required by AS 34.03 is fraudulent or dishonest conduct
D
The property manager may follow any owner instruction even if it conflicts with Alaska property-management rules.

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Related Topics & Key Terms

Related Topics:

ak.VIpropertyManagement

Key Terms:

alaskaak.VIpropertyManagementtrust-account-for-prepaid-rent

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