Delaware License LawIntermediateDelaware Exam
A Delaware licensee who places a client's funds in the licensee's personal bank account is guilty of:
AConversion
BCommingling
CConversion and comminglingCorrect
DNeither — it is acceptable if the client consents
Why Conversion and commingling Is Correct
Answer C: Conversion and commingling
Commingling is mixing client funds with personal funds. If the licensee also spends or uses the funds for personal purposes, it becomes conversion (theft of funds).
Key Delaware License Law Terms in This Question
Related Delaware Delaware License Law Questions
- A Delaware real estate license placed on inactive status:Delaware License Law
- How many hours of pre-license education must a Delaware real estate salesperson candidate complete before sitting for the licensing exam?Delaware License Law
- Net listings in Delaware are:Delaware License Law
- In Delaware, a 'reciprocal license' allows a licensee from another state to:Delaware License Law
- What additional education must a Delaware salesperson complete to become a broker?Delaware License Law
- Which agency regulates real estate licenses in Delaware?Delaware License Law
- What is the purpose of the Delaware Seller Disclosure of Real Property Condition Act?Delaware License Law
- Under Delaware law, a salesperson who wants to upgrade to a broker license must have how many years of active experience as a salesperson?Delaware License Law
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →