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Practice Of Real EstateTrust_accountsEASY

Commingling escrow funds in Alabama is:

Correct Answer

B) A serious violation — mixing client funds with broker personal or operating funds

Commingling is a serious violation that can result in license suspension or revocation. Client funds must be maintained separately in escrow accounts.

Answer Options
A
Acceptable practice
B
A serious violation — mixing client funds with broker personal or operating funds
C
Required for efficiency
D
Legal with disclosure

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Related Topics & Key Terms

Related Topics:

Trust account requirementsConversion of fundsAREC disciplinary actionsAlabama Real Estate Recovery Fund

Key Terms:

comminglingescrow accounttrust fundsAREC violationclient funds
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