Property Management
A Florida property manager who mixes client funds with their personal or operating funds has committed:
AA minor bookkeeping error
BCommingling, which is a serious violation of trust accounting rules✓ Correct
CA standard industry practice for efficiency
DAn acceptable practice if documented properly
Explanation
Commingling (mixing client/escrow funds with personal or operating funds) is a serious violation for Florida real estate licensees. All client funds must be kept in a separate escrow/trust account.
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