Keeping an eye out Supervision

Social Selling Sumo

Get Instant Access

State laws may vary, but in general, a broker is required to supervise the people who work for her. This extremely specific requirement makes the broker responsible for the actions of salespeople who work for her. This responsibility extends to violations of the state licensing laws, fair housing laws, and illegal or fraudulent activities. The extent of liability and punishment is, of course, determined by state licensing officials, and in the case of criminal or civil actions, by the courts.

The type of questions you're likely to get on this subject fall into these two categories:

i What your state law has to say about brokers' responsibilities with respect to supervising their salespeople.

i The expectation that you'll know most of the important points of the state licensing law with which you and your salespeople are expected to comply. (See "Making it legal: Looking at license law," earlier in this chapter.)

Although this material may be information you found out about when pursuing your salesperson's license, you still need to review the specific information that applies to your state's broker's exam.

Was this article helpful?

0 0

Post a comment