What broker supervision duties may be assigned to an associate broker?
The designated broker may authorize an associate broker to
- review and initial contracts;
- supervise the activities of licensees;
- hire or sever a licensee;
- sign commission checks;
- be a signer on the branch office trust account or property management trust account;
- write checks from the broker’s trust accounts; and,
- be responsible for the handling of all trust account funds administered by the branch office. The designation must be made in writing and a copy retained in the broker’s main office for a period of five (5) years. (R4-28-304.B)
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