What is the term used to describe the depositing of a client's funds into the broker's personal or business account?

The term that describes the depositing of a client's funds into the broker's personal or business account is commingling. This practice is considered unethical and can lead to legal issues, as client funds should be kept separate from the broker's own funds. In real estate, brokers are required to maintain a trust account specifically for handling client funds, which ensures transparency and accountability.

Escrow refers to a third-party service that holds funds during a transaction until specific conditions are met, rather than mixing funds with the broker's personal account. Conversion involves taking client funds for personal use, which is a serious breach of fiduciary duty and illegal. Disbursement pertains to the distribution of funds, but does not specifically address the issue of mixing client and broker funds. Understanding these distinctions is crucial for maintaining ethical standards in real estate transactions and protecting client interests.