Mississippi License Law
MREC may take disciplinary action against a Mississippi licensee for 'commingling.' Commingling means:
ARepresenting both buyer and seller
BMixing client funds with the licensee's personal or business funds✓ Correct
CAdvertising properties without a license
DFailing to renew a license on time
Explanation
Commingling is the unlawful mixing of client funds (earnest money, rents, security deposits) with the licensee's or broker's personal or business funds. All client funds must be held in separate, designated trust accounts. Commingling is a serious violation that can result in license revocation.
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