Michigan Real Estate Salesperson Practice Exam

Sally Jones, as a licensed real estate salesperson, is required to follow specific protocols regarding handling funds related to real estate transactions. When a deposit check is made payable directly to her, she cannot accept it. This is because commission payments and deposits should be handled through the broker she works for, ensuring that all funds are accounted for and protected under the regulations governing real estate transactions.

Accepting the check personally would violate these rules and could create legal liabilities or complications regarding the trust account handling and proper transaction processes. Therefore, it is essential for her to refuse the deposit check made out in her name and instruct the buyer instead to make the check payable to her broker, or to follow the procedures established by her brokerage for handling deposit money. This maintains compliance with state regulations and ethical practices within the real estate industry.