Agency & LawPregunta 35 de 120
Placing client or earnest money funds into a broker's personal or general business account instead of a proper trust or escrow account is called:
a.Novation
b.Subrogation
c.Commingling (or conversion if used)
d.Estoppel
Explicación
Commingling is improperly mixing client funds with the broker's own funds, and using those funds is conversion. Both are serious violations that can lead to license discipline.
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