What obligations does a broker have regarding the supervision of associates under the Real Estate Act?
Correct Answer
A) The broker must ensure associates follow the Act and RECA rules, keep records, handle trust funds and serve competently
Under the Real Estate Act, brokers have significant supervisory responsibilities. They must ensure all associates comply with legislation and RECA rules, maintain proper transaction records, handle trust funds correctly, and provide competent professional service. Brokers can be held accountable for their associates' conduct if proper supervision was lacking.
Why This Is the Correct Answer
Under the Real Estate Act, brokers must ensure all associates comply with the legislation and RECA rules, maintain proper transaction records, handle trust funds correctly, and provide competent professional service. This supervisory obligation is ongoing and applies to all associates. Brokers can be held accountable for associates' misconduct if proper supervision was not in place.
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