Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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Which of the following is considered illegal commingling?

  1. Failing to keep appropriate records

  2. Having more in an escrow account than can be accounted for by escrow funds

  3. Placing client funds in the firm's general business account

  4. Stealing a client's trust funds

The correct answer is: Placing client funds in the firm's general business account

Illegal commingling refers to the mixing of client funds with firm funds. Having client funds in the firm's general business account falls under this definition, making it the correct answer. Option A may seem like a possible answer, but it is not considered illegal commingling unless there is evidence that it was done intentionally. Option B may also seem correct, but it could simply be a mistake or error in accounting rather than intentional illegal commingling. Option D is also incorrect as it is considered embezzlement, not commingling.

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