Which of the following scenarios does NOT qualify as commingling?

In the context of real estate and timeshare practices, commingling refers to the improper mixing of client funds with personal funds or general business funds. The scenario described as keeping a customer's deposit in a wallet temporarily until it is turned over to the appropriate authority does not constitute commingling for several reasons.

Firstly, the act of placing the money in a wallet indicates that it is in transit and still considered a separate, identifiable transaction. The intentions behind this action are critical; it suggests that the funds are being safeguarded until they can be properly processed rather than integrated with personal finances. The proper handling of such deposits usually requires that they be placed in a designated trust or escrow account, but temporarily holding them in a secure manner before transferring does not mix them with the agent's funds or other business finances.

In contrast, keeping client funds in a personal account, mixing general funds with client deposits, or using client funds for personal expenses clearly demonstrates a lack of separation and protection of those funds, directly leading to commingling. Thus, the scenario mentioned presents a scenario that, while not ideal in terms of best practices, does not fit the definition of commingling as it indicates a temporary holding rather than a permanent mix.