LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

Which of the following best describes 'commingling' in the context of auction trust accounts?

Mixing auction proceeds from different sellers in the same trust account Mixing client funds with the auctioneer's personal or business funds Combining multiple lots into a single sale Merging two separate auction events

Correct Answer:

Mixing client funds with the auctioneer's personal or business funds

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