Supervision Requirements

Question 1

Brokers, branch office managers, and team leaders must exercise reasonable and adequate supervision of affiliated licensees regardless of their employment status

Answer 1

Supervision does not create an employer-employee relationship

Question 2

Supervision by branch office manager

Answer 2

branch office manager supervision is in addition to, and not in lieu of, broker supervision

Question 3

Reasonable and adequate supervision includes the availability of

Answer 3

▪ training or education sessions held regularly at least once every 2 months

▪ experienced supervisory personnel to review and discuss contracts and advertising

Question 4

Reasonable and adequate supervision includes the availability of

Answer 4

▪ written policies and procedures requiring licensee compliance in the following areas

• proper handling of deposit monies and other funds
• compliance with federal, State, and local fair housing laws and regulations
• advertising requirements applicable to real estate transactions
• review of contracts, leases, and brokerage agreements
• use and limitations of unlicensed personal assistants

Question 5

Reasonable and adequate supervision includes the availability of

Answer 5

▪ written policies and procedures requiring licensee compliance in the following areas

• disclosure of agency relationships by licensees in residential real estate transactions
• distribution of information on new or changed requirements in real estate laws and regulations
• requirements, restrictions, and limitations applicable to the sale or lease of real property personally owned by a licensee and the purchase or lease of real property by a licensee for the licensee’s personal use
• the unauthorized practice of law by a licensee
• records of attendance at sales meetings