Mississippi License Law
Which of the following is an example of 'conversion' of client funds by a Mississippi licensee?
ADepositing earnest money into the trust account within 48 hours
BUsing client funds held in escrow for the licensee's personal expenses✓ Correct
CTransferring the earnest money to the title company at closing
DIssuing a check to a client from the trust account
Explanation
Conversion is the unauthorized use of client funds for personal purposes. Using earnest money or other trust funds for personal expenses is a serious violation that can result in license revocation and criminal charges.
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