South Carolina License Law
Which of the following acts would constitute 'commingling' under South Carolina law?
ADepositing earnest money in a federally insured trust account
BDepositing earnest money into the broker's personal checking account✓ Correct
CHolding earnest money for 3 business days before deposit
DMaintaining separate accounts for different clients
Explanation
Commingling is the illegal mixing of client funds (such as earnest money) with the broker's personal or operating funds. South Carolina law requires client funds to be kept in separate trust accounts.
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