New York License Law
The New York DOS may discipline a licensee for 'commingling' escrow funds. Commingling means:
ASharing commission income with a non-licensee
BMixing client funds held in escrow with the broker's personal or operating funds✓ Correct
CAccepting two listings in the same building
DRepresenting both buyer and seller in the same transaction
Explanation
Commingling occurs when a broker mixes client escrow funds with the broker's own personal or business operating funds. New York law requires that escrow funds be kept in a separate, dedicated escrow account.
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