Hawaii License Law
A Hawaii licensee is found to have commingled client trust funds with personal funds. This is grounds for:
AA. A warning letter
BB. License suspension or revocation✓ Correct
CC. A fine of $100 per occurrence
DD. No action if the funds are eventually returned
Explanation
Commingling of trust funds with personal funds is a serious violation that can result in license suspension or revocation and potential criminal charges in Hawaii.
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Key Terms to Know
State-Specific Concepts
Trust Account Rules
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