Colorado License Law
A Colorado broker commits 'conversion' when they:
AConvert their personal residence into a rental property
BUse client funds held in trust for personal or business expenses✓ Correct
CConvert their brokerage from residential to commercial
DChange their license type from inactive to active
Explanation
Conversion is the misappropriation of client funds — using money held in trust for the client's benefit for the broker's own personal or business purposes. This is a serious violation of Colorado license law and may also constitute criminal theft or fraud.
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