Arkansas License Law
Conversion, as a license law violation, occurs when a licensee:
ASwitches from one brokerage to another
BUses client trust funds for personal purposes✓ Correct
CConverts an office from commercial to residential use
DChanges a listing from exclusive to open
Explanation
Conversion is the unauthorized use of client funds (trust money) for the licensee's or broker's personal use. It is a serious violation that may result in criminal charges in addition to license revocation.
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