Administrative Rules of Montana
Department 24 - LABOR AND INDUSTRY
Chapter 24.210 - BOARD OF REALTY REGULATION
Subchapter 24.210.6 - Brokers and Salespersons
Rule 24.210.605 - REASONABLE SUPERVISION

Universal Citation: MT Admin Rules 24.210.605

Current through Register Vol. 18, September 20, 2024

(1) Supervising brokers shall provide reasonable supervision for licensed salespersons with two or more years of experience that shall include, but not be limited to, compliance with the following:

(a) maintaining a written office policy describing the duties and responsibilities of licensees affiliated with the broker. A copy of the written policy shall:
(i) be given to, read, and signed by each licensee; and

(ii) be available for inspection, upon request, by any authorized representative of the board;

(b) auditing all transaction files to ensure compliance with all applicable laws and regulations;

(c) consulting with and/or assisting throughout the transaction;

(d) communicating directly in person or by electronic communication on a regular basis;

(e) providing regular training on applicable real estate law, contracts, and current business practices; and

(f) reviewing all advertising, in any media, of any service for which a license is required.

(2) Nothing in this rule shall prevent a supervising broker from engaging others to assist in providing the supervision outlined in (1). The supervising broker takes full responsibility for any additional brokers, salespersons, or unlicensed assistants employed by the broker to assist or audit a licensee's business.

AUTH: 37-1-131, 37-1-319, 37-51-203, MCA; IMP 37-1-131, 37-1-319, 37-51-302, MCA

Disclaimer: These regulations may not be the most recent version. Montana 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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