CA RE Broker Practice Questions - California Real Estate Broker Exam

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A California real estate broker discovers that a salesperson in their office deposited a $5,000 earnest money check into the salesperson's personal account instead of the broker's trust account. What violation has occurred?

Commingling only Conversion only Both commingling and conversion Neither — the salesperson has authority to hold funds

Correct Answer:

Both commingling and conversion

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