Nevada License Law
What is commingling of funds, and why is it prohibited under NRS 645?
AAdvertising properties from multiple brokerages; it creates confusion
BMixing client trust funds with the licensee's personal or business funds; it is prohibited to protect client money✓ Correct
CWorking with clients from different states; it requires additional licensing
DCombining buyer and seller funds in the same escrow; it requires court approval
Explanation
Commingling is the illegal mixing of client funds (deposits, earnest money) with a licensee's personal or business operating funds. Nevada law requires all client funds to be held in a separate trust account to protect clients from misappropriation.
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