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In Illinois, a broker who owns a real estate company places the money from an earnest money deposit in the company's operating account. Which of
In Illinois, a broker who owns a real estate
company places the money from an earnest
money deposit in the company's operating
account. Which of the following statement is
true in this situation?
A) This is an acceptable procedure
B) The broker has commingled funds
C) The broker has paid a referral fee
D) The broker may be accused of using
collateral
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