What obligations does a broker have regarding the supervision of associates under the Real Estate Act?
Correct Answer
B) The broker must ensure associates comply with the Real Estate Act and RECA rules, maintain proper records, properly handle trust funds, and provide competent service
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.
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