Brokerage supervisors oversee a team of brokers. They are found in financial services firms where brokers are employed. Brokerage supervisors hold their teams accountable for meeting performance goals while also ensuring compliance standards are met.
Under which of the following do brokers have the responsibility of supervision over their licensees?
The broker's duty to supervise their salespersons is outlined in the Regulations of the California Real Estate Commissioner as well as the California Business and Professions Code. These laws require that the broker exercise “reasonable supervision” over all agents acting under the broker's license.
What is the relationship between a broker and a salesperson?
The main difference between a salesperson and a broker is that a broker has additional training and experience and the broker may work independently where a salesperson must work under a broker. Before someone can become a real estate broker, they usually must have a few years of experience.
Which of the following is a supervising brokers duty?
A supervising broker assumes the responsibility of reviewing their agents' websites periodically to make sure no regulation violations exist.
What are brokers who supervise other brokers called?
“Responsible broker” means the broker responsible for the exercise of control and supervision of a salesperson, or a licensee subject to discipline under subdivision (h) of Business and Professions Code Section 10177 for failure to supervise activity requiring a real estate license.
Is there a grace period for real estate license renewal in California?
If you miss renewing your real estate license your expiration date, there is a grace period. In California, you can renew your real estate license at any time up to two years after the expiration.