(a) A buyer's agent may not collect a fee from a buyer before the agent and the buyer enter into the contract required by AS 08.66.260.
(b) A buyer's agent may not calculate the fee of the buyer's agent as a percentage of the motor vehicle purchase price or of the savings achieved by the agent for the buyer on the purchase of the motor vehicle.
(c) Until the motor vehicle is delivered to the buyer, a buyer's agent shall hold in trust in a bank account a fee that the agent receives before the buyer receives the motor vehicle.
Section: Previous 08.66.050 08.66.060 08.66.070 08.66.080 08.66.090 08.66.260 08.66.270 08.66.280 08.66.290 08.66.300 08.66.310 08.66.320 08.66.330 08.66.350 NextLast modified: November 15, 2016