Practice Of Real EstateLicense LawEASY
Can brokers commingle funds in North Carolina?
Correct Answer
A) No
Commingling is prohibited.
Answer Options
A
NoB
Yes, under Timeshare ActC
Sometimes, with buyer permissionD
Sometimes, with seller permissionVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
trust-account-requirementsfiduciary-dutiesreal-estate-regulationsescrow-account-procedures
Key Terms:
comminglingtrust accountNC Real Estate CommissionNCGS 93Afiduciary duty
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