Alaska Real Estate Salesperson Exam — All Questions

Earnest money an Alaska salesperson receives from a buyer must be:

• a.Delivered promptly to the employing broker for deposit in the broker's trust account✓
• b.Kept by the salesperson until the sale closes
• c.Deposited into the salesperson's personal account
• d.Paid directly to the seller when the offer is made

Trust funds, including earnest money, must be handled through the broker's trust account and kept separate from personal and operating money. A salesperson who receives such funds must deliver them promptly to the employing broker. Commingling or converting trust money is a serious violation of Alaska license law.

When an Alaska licensee advertises a listing, the advertising must:

• a.Appear only under the salesperson's own name
• b.Be pre-approved by the Real Estate Commission
• c.Omit the brokerage to avoid confusion
• d.Be truthful and conducted under the name and supervision of the employing broker✓

Advertising must be truthful and must be conducted under the name and supervision of the employing broker rather than the salesperson acting independently. Licensees may not use false or misleading statements to induce a transaction, and the broker is responsible for the advertising of affiliated licensees.