Agency & LawCâu 35 / 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
Giải thích
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.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
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- A seller instructs the listing agent to conceal a known foundation problem from prospective buyers. The agent should:
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