Property Management Licensing Practice Exam · Question
What is 'commingling' in the context of trust accounting?
Commingling is the illegal act of mixing client's funds (trust funds) with the licensee's own personal or operating funds. Trust funds must always be kept stric
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Question: What is 'commingling' in the context of trust accounting?
Answer options:
- Mixing tenant funds with landlord funds. ✅ Mixing trust funds with personal or operating funds.
- Mixing security deposits with pet deposits.
- Mixing funds from different properties in the same trust account.
Correct answer: Mixing trust funds with personal or operating funds.
Explanation: Commingling is the illegal act of mixing client's funds (trust funds) with the licensee's own personal or operating funds. Trust funds must always be kept strictly separate.
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