Trust Funds
Commingling
A concise definition for the California Real Estate Exam study guide.
Definition
Improper mixing of trust funds with the broker's personal or general business funds. A DRE violation. A limited amount of personal funds may be kept in a trust account only to cover bank charges.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 7: Trust Funds & Broker Accounting →