Iowa Administrative Code
Agency 193E - Real Estate Commission
Chapter 7 - Offices and Management
Rule 193E-7.10 - Agency-designated Broker Responsibilities
Universal Citation: IA Admin Code 193E-7.10
Current through Register Vol. 47, No. 6, September 18, 2024
The following conditions and circumstances, together with the education and experience of licensed and unlicensed employees and independent contractors, is considered when determining whether or not the designated broker has met the supervisory responsibilities as set forth by Iowa Code section 543B.62(3)"b."
(1) When making a determination, the commission may consider, but is not limited to consideration of, the following:
a. Availability of the designated
broker/designee to assist and advise regarding brokerage-related
activities;
b. General knowledge of
brokerage-related staff activities;
c. Availability of quality training programs
and materials to licensed and unlicensed employees and independent
contractors;
d. Supervisory
policies and practices in the review of competitive market analysis, listing
contracts, sales contracts and other contracts or information prepared for
clients and customers;
e. Frequency
and content of staff meetings;
f.
Written company policy manuals for licensed and unlicensed employees and
independent contractors;
g. Ratio
of supervisors to licensed employees and independent contractors; and
h. Assignment of an experienced licensee to
work with new licensees.
(2) The designated broker disseminates, in a timely manner, to licensed employees and independent contractors all regulatory information received by the brokerage pertaining to the practice of real estate brokerage.
Disclaimer: These regulations may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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