Bill > S02156

This bill codifies the duty of real estate brokers to supervise their salesmen and associate brokers through regular, frequent, and consistent personal guidance, instruction, and oversight. The elements of this supervision include the broker's availability to review and approve all documents, the distance between the broker's main location and the branch offices they oversee, and the broker's ability to familiarize salesmen and associate brokers with state and federal laws governing real estate transactions, including anti-discrimination laws. The bill also specifies that a broker can be held responsible for a violation by their salesman or associate broker if the broker had actual knowledge of the violation or failed to exercise reasonable and adequate supervision.