Question

Jill needs to pay the web developer who created a new website for her brokerage, but her checking account is low, so she floats herself a loan from earnest money kept in the brokerage’s escrow account to pay the developer. Which answer correctly identifies the violation(s) Jill has committed?

Answer 1

The term that has to do with the offense that Jill has committed by floating herself this loan is Commingling and conversion.

What is Commingling and conversion?

Commingling has to do with the way that cash is deposited into an account on behalf of a given client.

Conversion has to do with the use of the cash for purposes that are outside the reasons why it was deposited.

Read more on cash deposits here: https://brainly.com/question/1752098

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