Friday, April 25, 2008

Does the broker have a written broker-salesperson agreement with each of his/her salespersons?

Correct Procedure:

Every broker must have a written agreement with each of his/her salespersons, whether licensed as a salesperson or as a broker under a broker-salesperson arrangement. The agreement shall be dated and signed by the parties and shall cover material aspects of the relationship between the parties, including supervision of licensed activities, duties and compensation.

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