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. 6, March 22, 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
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