Bill > A09740

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. It lists elements of supervision, including the broker's availability to review and approve documents, the distance between the broker's main location and branch offices, and the broker's ability to familiarize salesmen and associate brokers with federal and state laws governing real estate transactions, particularly laws prohibiting discrimination. The bill also states that a broker can be held responsible for a violation by a salesman or associate broker if the broker had actual knowledge of the violation or failed to exercise reasonable and adequate supervision.