Oregon License Law
An Oregon licensee who discovers their principal broker is converting client trust funds to personal use should:
ADo nothing since the principal broker is their supervisor
BAssist the principal broker in concealing the conversion to protect the firm
CImmediately report the conduct to OREA✓ Correct
DNotify the clients privately without reporting to OREA
Explanation
Conversion of client funds is a serious violation of Oregon law. Any licensee who discovers such conduct has an obligation to report it to OREA. Participating in or concealing the conversion makes the licensee also liable. Protecting client funds is paramount.
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