commingle


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commingle

(also spelled co-mingle) It is illegal for real estate brokers to combine (or commingle) clients'funds with the broker's business funds in one account,even if all monies are accurately accounted for and there have been no other improprieties. Client funds do not have to be separated from each other,but can all be commingled in one escrow account.

References in periodicals archive ?
CoMMingle will audit any company's online social media presence by using certain comprehensive guidelines.
Presort houses work because they commingle your mail with others using their service and they can get good economics of scale, particularly with high-speed (expensive) sorting equipment.
This encouraging news follows the Nevada Gaming Commission's decision a fortnight ago to approve an agreement between the Club and Nevada-based Las Vegas Dissemination Company (LVDC) to commingle bets wagered in the States directly into the Club's racing pools in Hong Kong.