Legal Question of the Week

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Question Title

* 1. Which of the following statements about compensation are not true?

A. A broker may commingle funds from a real estate transaction with his own personal funds so long as he keeps excellent records.

B. A broker has no right to any funds deposited with the broker when a transaction fails even though the broker believes his commission was earned.

C. A real estate broker may compensate a person who was not licensed at the time of the transaction so long as the person obtains a license within two months after the closing.

D. A licensee is entitled to receive compensation only when reasonable cause exists.