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Trust Accounts — Other People's Money

National · Brokerage & Practice — free cheat sheet for the real estate licensing exam.

💼 Brokerage & Practice

📋 The 1-minute cheat sheet

Client funds go in the TRUST/escrow account — promptly, per state deadline
Commingling: mixing client money with the brokerage's — license killer
Conversion: SPENDING client money — worse, often criminal
Small broker float to cover bank fees is allowed in many states (know the cap)
Records: every deposit/disbursement documented and reconciled

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Related in Brokerage & Practice

Antitrust — The Four FeloniesNational Advertising Rules That Get LicensesNational Commission Math — Follow the SplitNational Independent Contractor vs EmployeeNational Risk Management — E&O and BeyondNational Property Taxes & AssessmentNational Escrow & the Neutral Third PartyNational License Law Basics — Who Needs OneNational

Questions students ask

Is Trust Accounts — Other People's Money on the real estate exam?

Yes. Brokerage & Practice is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

Is this cheat sheet free?

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