Agency
Under California law, a real estate broker who manages property for clients must maintain a separate trust account for client funds. Mixing client funds with the broker's personal funds is called:
AConversion
BCommingling✓ Correct
CEmbezzlement
DEstoppel
Explanation
Commingling is the illegal act of mixing client funds with a broker's personal or business funds. Conversion, a more serious violation, occurs when the broker actually uses those client funds for personal purposes.
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