New Hampshire License Law
Conversion of client funds by a New Hampshire broker involves:
AChanging client funds from one currency to another
BMisappropriating client funds for the broker's personal use✓ Correct
CConverting a savings account to checking for client convenience
DTransferring earnest money to the closing attorney
Explanation
Conversion is the illegal misappropriation or theft of client funds by a broker or licensee for personal use. It is a serious violation that typically results in license revocation and may lead to criminal charges.
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