The Real Estate Encyclopedia
Is Commingling Legal?
Category - Home Selling Questions - Selling Legal & Closing FAQ's

If a broker deposits a client’s funds, such as earnest money, in his/her personal bank account, the broker is guilty of commingling.  A licensee found guilty of commingling funds may generally have his or her license suspended or revoked by the state licensing agency. 

 

It can be an act of commingling when a broker fails to deposit earnest money funds into an escrow or trust fund. 

 
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Home Selling Questions - Selling Legal & Closing FAQ's
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