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A principal broker maintains a trust or escrow account A $ 1 0 , 0 0 0 earnest money deposit is received from a buyer
A principal broker maintains a trust or escrow account A $ earnest money deposit is received from a buyer and deposited in the account Several weeks later and prior to closing, the principal broker withdraws from the account and puts it in his operating account. This transacion is Apermissible as long as the principal broker is entitled to at least $ in commission.O B a violation of Federal banking regulations Can instance of illegal conversion of funds.O Dpermissible if the seller was informed about the transfer of funds.
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