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A real estate broker sold property on Friday morning and received a $2,000 deposit in cash. Afraid to carry the money, he quickly deposited it into his own account in a nearby branch of his bank. This is clearly an example of:

1 Answer

3 votes

Answer:

commingling

Step-by-step explanation:

The commingling refers to the combination of the money that belongs to the brokers with his clients

The conversion arises when a broker incurred any of the money or withdrawn any of the money

Here in the situation it is mentioned that the real estate broker sold the property for $2,000 and he immediately deposited in his own account

So this given example is of commingling

User Hesham Saeed
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