AgencyTrust_accountsEASY
Is commingling legal in Texas?
Correct Answer
A) No
Commingling (mixing client funds with personal funds) is illegal in Texas.
Answer Options
A
NoB
Yes, under Timeshare ActC
Sometimes, with buyers agent permissionD
Sometimes, with sellers agent permissionVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
fiduciary-dutiestrust-accountstrec-regulationsethical-practices
Key Terms:
comminglingtrust accountTRECTRELAfiduciary duty
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