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Commingling in real estate refers to

  1. Sharing office space with another broker

  2. Mixing client funds with the broker's own funds

  3. Combining two properties into one listing

  4. Sharing commission with another broker

The correct answer is: Mixing client funds with the broker's own funds

Commingling in real estate refers to mixing client funds with the broker's own funds. This is considered a violation of the real estate code of ethics as it puts the clients' money at risk. Option A is incorrect because sharing office space does not involve mixing funds. Option C is incorrect as it describes a different concept of combining properties into one listing. Option D is incorrect as it pertains to sharing commission, not funds.