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Practice Of Real EstateLicensing RegulationMEDIUM

Hawaii's principal broker must:

Correct Answer

B) Supervise all affiliated licensees, ensure compliance, manage trust accounts, and advertising

The principal broker has comprehensive supervisory responsibility.

Answer Options
A
Only own deals
B
Supervise all affiliated licensees, ensure compliance, manage trust accounts, and advertising
C
Set prices
D
Inspect properties

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Related Topics & Key Terms

Related Topics:

Trust account managementHawaii Real Estate CommissionBroker supervisionHRS Chapter 467Affiliated licensee responsibilities

Key Terms:

principal brokersupervisiontrust accountHRS Chapter 467affiliated licenseesadvertising compliance

Related Concepts

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.

A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.

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