Oregon License Law
What is 'conversion' of client funds?
AMoving client funds from one trust account to another
BDepositing client funds into the broker's personal account and using them for personal expenses✓ Correct
CConverting trust account funds to a different currency
DConverting earnest money to a down payment at closing
Explanation
Conversion is the most serious trust account violation — it occurs when a broker takes client funds from a trust account and uses them for personal or business purposes. It is theft and can result in license revocation and criminal prosecution.
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