What violation has Agent Bob committed by depositing his commission into his own account?

Agent Bob has committed a violation by depositing his commission into his own account without the authorization of his broker. In the real estate industry, it is essential for agents to follow the established protocols regarding commission payments. Typically, commissions are required to be deposited into a designated account controlled by the broker, who manages the disbursement of funds appropriately. This system is in place to maintain transparency and ensure that all financial transactions are adequately tracked.

When an agent takes it upon themselves to deposit commissions directly into their personal account without the broker's consent, it undermines the trust and proper financial management established between the agent and the broker. It also raises concerns regarding accountability and could potentially lead to complications regarding the handling of the commission and tax implications.

While other choices touch on important aspects of real estate practice, they do not directly address the specific violation related to the unauthorized handling of commission funds.