License Law & RulesPregunta 30 de 120
Commingling, a violation of Florida real estate law, refers to:
a.Representing both buyer and seller
b.Mixing client escrow funds with the broker's personal or business funds
c.Advertising a property without the owner's consent
d.Failing to renew a license on time
Explicación
Commingling occurs when a broker mixes clients' trust funds with the broker's own personal or business money. It is prohibited because it endangers client funds and obscures accountability. Conversion, a related and more serious offense, is actually using those funds improperly.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A real estate licensee who represents a buyer or seller with limited representation, not as a fiduciary, is acting as a:
- Which of the following is one of the duties a Florida single agent owes that a transaction broker does not?
- Escrow funds held by a broker must generally be:
- To be eligible for an initial Florida sales associate license, an applicant must generally be at least:
- Which of the following actions by a licensee would most likely be grounds for disciplinary action by FREC?
- A Florida broker who wishes to open a real estate office must:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con Florida Real Estate Sales Associate Licensing Exam · Cómo revisamos