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19 September, 10:55

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:

judicious caution

conversion

commingling

cohabitation

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  1. 19 September, 12:56
    0
    commingling

    Explanation:

    Commingling is defined as the mixing of the money of broker money with the money of the clients of the broker.

    Here in the question it is stated that the money received (i. e the money of the client) is deposited by the real estate broker in his account.

    Now by depositing the money in his bank account he actually mixes the money of the client with his money which is already present in his bank account
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