Property Management
An Iowa property manager uses trust account funds to pay a personal bill. This violates which legal principle?
ACommingling only
BConversion (misappropriation of funds)✓ Correct
CDual agency rules
DBlockbusting prohibition
Explanation
Using client trust funds for personal expenses constitutes conversion—the unauthorized use of another's funds. This is a serious violation of Iowa license law and may result in license revocation and criminal charges.
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