Property Management
A property manager who uses rental income to pay their own bills rather than remitting to the owner is guilty of:
APoor business practice only
BConversion (misappropriation of funds), a criminal offense✓ Correct
COnly a GREC violation
DCivil negligence only
Explanation
Misappropriating client funds (using rental income for personal expenses) is conversion — a criminal offense. It also violates GREC rules and the fiduciary duty owed to the owner.
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