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Practice Of Real EstateTrust AccountsEASY

In Nebraska, a licensee mixes a principal’s money with the licensee’s own money. Which statement is correct?

Correct Answer

B) Commingling money or property of principals with the licensee’s own is an unfair trade practice

Nebraska license law prohibits commingling a principal’s money or property with the licensee’s own. Source basis: Neb. Rev. Stat. §81-885.24 and Nebraska Real Estate Commission Trust Account Manual guidance; checked 2026-04-30

Answer Options
A
The rule applies only to cash and not other property
B
Commingling money or property of principals with the licensee’s own is an unfair trade practice
C
Commingling is allowed if the broker keeps a spreadsheet
D
Commingling is required for earnest money

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Related Topics & Key Terms

Related Topics:

ne.IIItrust-accounts

Key Terms:

nebraskane.IIItrust-accountscommingling
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