Real estate commingling question?

Question

A broker would be guilty of commingling if they take the earnest money and:

a. places it in an escrow account with other escrowed funds.

b. puts it in his commercial accound

c. puts it in his own escrow account

d. holds it

Answer 1

b.

In this case, commingling refers to mixing (commingling) the broker's funds with his client's funds. That is prohibited in most if not all states. It is common to hold all client funds in a single escrow account, where a client's funds are indeed commingled with other client funds, and that is not usually prohibited.

Answer 2

a. places it in an escrow account with other escrowed funds.

Commingling...means migle the funds with another account....mixing it with another.

Answer 3

.  b    His commercial account is for his own business expenses.