Nevada License Law
What constitutes 'commingling' of funds under Nevada real estate law?
ADepositing funds from multiple clients into the same trust account
BMixing client funds (trust money) with the licensee's personal or business operating funds — depositing earnest money into a personal bank account or using client funds for operating expenses✓ Correct
CUsing one trust account for both residential and commercial transactions
DAccepting cash and check payments into the same account
Explanation
Commingling under NRS 645 means mixing trust funds (client earnest money, security deposits, rents) with personal or business operating funds. Examples: depositing earnest money into the agent's checking account, paying office rent from the trust account, or using client funds as a float for business expenses. Commingling is a serious violation that can result in license revocation regardless of whether any client was actually harmed. All trust funds must be held in properly designated trust accounts.
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