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Chris is a real estate broker involved in a residential transaction. When Chris illegally places his client's funds into his personal account, what is he engaged in_______.

User Idophir
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Answer:

When Chris illegally places his client's funds into his personal account, what is he engaged in Commingling of Funds.

Step-by-step explanation:

Commingling of Funds is the holding of funds, normaly a fidiciary would hold the fonds for a client. In this case by placing his client´s funds in his personal account, it makes it difficult to determien wether the funds belong to his client or to him.

The Commingled Fund is a blend of different accounts with assets that belong to multiple accounts. This is done to avoid the costs of mantaining the accounts separetely.

User Telenachos
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