Exam term

Conversion

Using a client's entrusted funds or property for an unauthorized purpose, such as paying the agent's own expenses.

Lessons that use this term

Trust funds: handling deposits, trust accounts, and commingling California
DRE jurisdiction and grounds for discipline California
The Real Estate Recovery Account California
Deposits held by a title company or attorney, and commingling Florida
Fiduciary duties, duties to other parties, and misrepresentation New York
Fiduciary duties owed to a client Texas
Property management agreements: funds, maintenance, leasing, rents, and deposits Texas