Property Management
A Virginia property manager who fails to account for client funds and uses them for personal expenses commits:
AA minor bookkeeping error
BConversion (conversion of client funds) — a serious ethical and criminal violation✓ Correct
CAn administrative violation only
DA RESPA violation
Explanation
Using client escrow or trust funds for personal or business expenses constitutes conversion (misappropriation of funds), which is a criminal act and grounds for license revocation in Virginia.
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