Is commingling legal in Oregon?
Question & Answer
Review the question and all answer choices
No
Yes, under Timeshare Act
The Oregon Timeshare Act does not provide an exception to the commingling prohibition. This option incorrectly suggests a specific exemption that doesn't exist in Oregon law.
Sometimes, with buyer permission
Buyer permission does not override state licensing laws regarding commingling. This represents a common misconception that client consent can override legal requirements.
Sometimes, with seller permission
Seller permission does not override state licensing laws regarding commingling. This option incorrectly suggests that one party's consent can legally permit commingling.
Why is this correct?
CORRECT_ANSWER. Oregon strictly prohibits commingling of client funds with broker's personal or business funds. This is a fundamental consumer protection measure embedded in Oregon's real estate licensing laws.
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