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(a) Each withdrawal of a broker's commission from a trust account must be separate and identified as to the specific transaction.
(b) A broker shall withdraw his or her commission from a trust account within 15 days after the date that the transaction has been closed or otherwise settled.
(c) A broker shall disburse from a trust account the fee earned for providing property management services. The disbursal must be made on a regular monthly basis after the collection of monthly receipts and disbursement of expenses for that management contract are completed.
History: Eff. 1/19/78, Register 65; am 7/16/94, Register 131
Authority: AS 08.88.071
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Last modified 7/05/2006