Oklahoma License Law
A licensee who engages in 'conversion' has:
AChanged their license from salesperson to broker
BWrongfully used client funds for personal purposes✓ Correct
CConverted their brokerage from a sole proprietorship to an LLC
DChanged specialties from residential to commercial
Explanation
Conversion is the illegal act of misappropriating client funds (trust account funds) for personal use. It is a criminal offense as well as a license law violation and can result in revocation and prosecution.
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