Florida Real Estate Exam Prep 16, Escrow Accounts Commingling and Conversion

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The specific dollar amounts a broker can keep in sales and property management escrow accounts. - The legal difference between commingling (improperly mixing funds) and conversion (improperly using funds). - How security deposits and advance rents must be handled under Florida law. - Key requirements for monthly account reconciliation and recordkeeping. - How to analyze exam-style scenarios involving the mishandling of escrow funds. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep