North Carolina License Law
A NC broker who deposits a client's earnest money check into their personal account instead of a trust account has committed:
AA minor bookkeeping error
BCommingling of trust funds — a serious license law violation✓ Correct
CA violation of RESPA only
DNo violation if the money is eventually transferred
Explanation
Depositing client funds (earnest money, security deposits) into a personal or operating account instead of a trust account is commingling — a serious license law violation subject to disciplinary action.
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