What Is Commingling?
The prohibited practice of mixing clients' or customers' escrow funds with a broker's personal or business operating funds.
Commingling across 5 exams
Commingling appears on the following exams. Each defines it in the context candidates are tested on:
- FL Sales Associate
- The prohibited practice of mixing clients' or customers' escrow funds with a broker's personal or business operating funds.
- CA Broker
- The prohibited practice of mixing a client's or third party's funds with the broker's personal or business funds.
- FL Broker
- The prohibited practice of mixing escrow funds belonging to clients or customers with the broker's personal or business funds. It is a common license-law violation tested heavily on the broker exam.
- NC Broker
- The prohibited practice of mixing clients' or others' funds with a broker's personal or business operating funds; NC license law forbids it.
- IL Broker
- The prohibited practice of mixing a client's or customer's funds (such as escrow deposits) with the broker's own personal or business funds. Brokers must keep client funds in a separate account.