Alabama License LawIntermediateAlabama Exam
Under Alabama law, commingling means:
AMixing client funds with the broker's personal or operating fundsCorrect
BRepresenting both buyer and seller
CAdvertising property without permission, under typical circumstances
DSharing commissions between brokers
Why Mixing client funds with the broker's personal or operating funds Is Correct
Answer A: Mixing client funds with the broker's personal or operating funds
Commingling is the illegal mixing of client trust funds with the broker's personal or business operating funds. Alabama law strictly prohibits commingling and it is grounds for license revocation.
Key Alabama License Law Terms in This Question
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Key Terms to Know
Math Concepts
State-Specific Concepts
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