

1,125,878
1. Could be commingling and could be conversion. That's the most likely answer if the money was put in their account. Essentially they converted it to their own funds. There was no separation of their funds and the clients funds.
2. I think Bob is correct--one title, vested in the two corporations and two individuals names, but the property itself is going to be a single title.
Hurry up and tell me if I got a hundred. I'm really vain about exams!
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AJ Heidmann ~ CRS
Alexandria, VA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Kat Palmiotti
Kalispell, MT
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Jennifer Mackay
Panama City, FL
-
Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
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Roy Kelley
Gaithersburg, MD
-
Candice A. Donofrio
Fort Mohave, AZ
5,585,399
agents can't hold funds in escrow... broker...
one title...
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Bob "RealMan" Timm
Minot, ND
-
Jennifer Mackay
Panama City, FL
-
Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
2,729,678
1. Commingling is the term used by the Florida Real Estate Commission.
2. There is only ONE title to the property.
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
4,844,348
Is your exam open book? Have you contacted your instructor?
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,143,135
I would have answered "comingling", too. Don't worry too much about missing one or two questions... as I recall you can get a bunch wrong and still pass.
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Candice A. Donofrio
Fort Mohave, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
938,735
There ARE errors in those books; make the editors aware.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
1,153,799
1) THEFT
2) ONE
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Debe Maxwell, CRS
Charlotte, NC
-
Alan May
Evanston, IL
-
Bob "RealMan" Timm
Minot, ND
8,327,440
You have some good answers.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,641,518
Candice A. Donofrio has you covered. Conversion and single title. Give an assist to Bob "Real Man" Timm!
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Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
5,774,223
You have your answers. A
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Bob "RealMan" Timm
Minot, ND
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
1,713,581
Normally commingling refers to the broker not the agent.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
921,504
1. this one smells like FRAUD/EMBEZZLEMENT
That money belongs to your broker. Broker deposits in escrow. Or you hand dollars to title company who holds it in escrow or to an attorney who does the same.
Mishandling client money is the shortest path to jail. Well, maybe not the shortest or fastest but certain.
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Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
4,564
Might be multiple right answers. Example A and C correct
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
2,606,473
#1) seems correct BUT I'd like to see all the possible answers.
#2) Only 1 title.
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
1,661,866
1. Never ever ever do that one
2. One
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
321,664
I agree co mingling of funds - one title. Looks like you have great replies.
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
3,998,638
1- Stealing
2-Only one
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
1,881,248
One title for those 4 owners.
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
6,851,140
Sounds like they designed some questions to make sure that you are thinking.
All the best to you on the real exam!
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,268,259
I think they are guilty for acting like a brokerage and not turning in the funds to their Broker
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
1,019,748
Looks like you've been "schooled" already ;)
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,235,596
Candice A. Donofrio has you covered.
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Anthony Acosta - ALLAT...
Atlanta, GA
5,242,720
20,495
Strange, pretty sure you got the first one correct. Conversion would be if you used the funds. The second question's answer might be two since two are corporations but need more information.
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Nina Hollander, Broker
Charlotte, NC
5,624,326
We also use commingling for BROKERS - they could have been looking for theft with a 'LICENSEE.'
One Title, regardless of ownership.
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Anthony Acosta - ALLAT...
Atlanta, GA
1,046,490
Without knowing the other potential answers its hard to say and sometimes the tests will look for not just an answer but the MOST accurate answer based on the wording of the questions. Kimberly Bytheway
6,112,254
I found many of the answers COULD be correct, but one was the BEST answer.
2,402,224
1,513,460
Not knowing what the other choices were on a multiple choice test makes it impossible to provide any help, Kimberly Bytheway
2,071,336
What about your instructor? Did you ask him/her?
Just the question. No offense.
3,988,194
Putting money in your personal account is conversion and the second question is there is only one title that is shared by the entities.
217,010
1. If a managing broker places the $$ in the their account, it would be comingling. If a licensee does it, it would be theft. An agnet can't put earnest money or any other transaction money (with exception of comission from their broker) in their own account.
2. answer provided within group already
1,555,630
Good questions! Comingling of funds is what we'd call it in California... but like has been said by others only a Broker can deposit into a trust account. Pro tip: in the real world, never take a check from a client and if you absolutely have to, don't deposit it. Have title deliver it to the destination (escrow, lawyer, title, ...)
2) I agree, one title to the property split 4 ways. Confusing question for sure!
3,468,375
4,434,277
3,075,301
1,299,212
2,900,235
If the testor is using their own opinions as answers who knows what that is?
1,343,762
3,417,775
1. There is a different law for licensee and broker. A broker can not comingle funds but a licensee who is not "the managing broker" must place in brokers escrow account. In real life an agent hands to their broker who does it. Licensees would not have access to teh escrow account.
2. There is only 1 title or deed in a transfer whether there is 1, 4 or 100 buyers.
5,475,870
As I don't know how your state qualifies certain activities it's hard for me to say why your #1 was not marked correct.
As for #2, three is only one title regarless of the number of names on it. Beyond that, it's a legal question.
803,669
4,322,995
3,986,529
Every time I do some ce credits I find questions about some of the ansswer