Under California Code of Regulations, Title 10, §2725, what standard of oversight must a responsible broker exercise over the activities of the salespersons and broker-associates working under the broker's license?
A. Continuous, minute-by-minute supervision of every transaction
B. No supervision is required once a salesperson passes the state exam
C. Supervision only when a written consumer complaint is filed
D. Reasonable supervision
Source: 10 CCR §2725 — a responsible broker shall exercise reasonable supervision over the activities of salespersons or broker associates acting as salespersons; https://www.law.cornell.edu/regulations/california/10-CCR-2725
Under 10 CCR §2725(a), the policies, rules, procedures, and systems a responsible broker must establish for 'reasonable supervision' are, as appropriate, directed at reviewing and overseeing which category of activity first listed in the regulation?
A. Transactions for which a real estate license is required
B. Employee parking assignments at the branch office
C. Selection of the corporation's liability insurance carrier
D. Design of the brokerage's website homepage
Source: 10 CCR §2725(a) — reasonable supervision includes oversight of transactions requiring a real estate license; https://www.law.cornell.edu/regulations/california/10-CCR-2725
Under California Business & Professions Code §10159.2(a), who bears responsibility for supervising the salespersons licensed to a corporate real estate broker?
A. The officer designated by the corporation under §10211
B. The Real Estate Commissioner directly
C. Each individual salesperson, self-supervised
D. The corporation's registered agent for service of process
Source: California Business & Professions Code §10159.2(a) — the officer designated by a corporate broker licensee under §10211 is responsible for supervision and control of the corporation's officers/employees, including supervision of salespersons licensed to the corporation; https://california.public.law/codes/business_and_professions_code_section_10159.2
A real estate corporation licensed in California has procured additional broker licenses for officers besides its §10211-designated officer. Under §10159.2(b), how may the corporation assign supervisory responsibility over its salespersons to one of these other broker-officers?
A. By a simple majority vote of the licensed salespersons
B. By an appropriate resolution of its board of directors
C. Automatically, once the additional officer's license is issued
D. Only the DRE Commissioner may reassign supervisory duty
Source: California Business & Professions Code §10159.2(b) — a corporate broker licensee may, by board resolution, assign supervisory responsibility over salespersons to broker-officers other than the officer designated under §10211; https://california.public.law/codes/business_and_professions_code_section_10159.2
After a corporate broker's board of directors adopts a resolution assigning supervisory responsibility over salespersons to a broker-officer, what must the corporation do under §10159.2(c)?
A. Nothing further; the resolution is effective upon adoption with no filing requirement
B. Wait 90 days before the resolution takes legal effect
C. File a certified copy of the resolution with the Real Estate Commissioner within five days of adoption
D. Publish the resolution in a newspaper of general circulation within 30 days
Source: California Business & Professions Code §10159.2(c) — a certified copy of a board resolution assigning supervisory responsibility over salespersons must be filed with the Real Estate Commissioner within five days after adoption or modification; https://california.public.law/codes/business_and_professions_code_section_10159.2
