Is commingling legal in Pennsylvania?
Question & Answer
Review the question and all answer choices
No
Yes, under Timeshare Act
The Timeshare Act in Pennsylvania does not provide an exception to the commingling prohibition. This option incorrectly suggests a specific exception that doesn't exist in Pennsylvania law.
Sometimes, with buyer permission
Buyer permission does not legalize commingling in Pennsylvania. Even with client consent, agents and brokers are legally prohibited from mixing client funds with their own or the brokerage's operating funds.
Sometimes, with seller permission
Seller permission similarly does not override the prohibition against commingling. Pennsylvania law does not allow commingling regardless of whether the buyer or seller consents.
Why is this correct?
Commingling is illegal.
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