Final answer:
A licensee is never permitted to use a client's money for personal use, no matter the circumstance. It's illegal and unethical, and considered embezzlement, which can lead to criminal charges and severe repercussions for the licensee.
Step-by-step explanation:
The question addresses the ethical and legal aspects concerning the use of a client's money by a licensee. It's important to understand that a licensee's handling of client funds is governed by strict regulations in order to protect consumers and maintain trust in the real estate industry. In the practice of real estate, client money is typically held in trust accounts and is used for specific purposes related to the transaction it pertains to, such as earnest money deposits or escrow funds.
Regarding the question: Under which circumstance is a licensee permitted to use a client's money for personal use? The answer is D. Under no circumstance. It is a fundamental tenet of real estate law and ethical practice that a licensee must never commingle personal funds with client funds or use client money for personal reasons, regardless of any permissions or circumstances. Doing so could constitute embezzlement, which is a criminal act.