DRE & LicensingIntermediateCalifornia Exam
Under California law, 'commingling' of funds by a real estate licensee means:
AMixing personal funds with trust funds held for clientsCorrect
BProperly depositing client funds in a trust account
CTransferring commission payments to personal accounts after closing
DDividing commission with another broker
Why Mixing personal funds with trust funds held for clients Is Correct
Answer A: Mixing personal funds with trust funds held for clients
Commingling is the illegal mixing of a client's funds (trust funds) with the licensee's own personal or business funds. California law requires strict separation of client funds in dedicated trust accounts.
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Math Concepts
State-Specific Concepts
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