A broker in Pennsylvania wants to upgrade from a standard broker license to become a broker of record for an existing brokerage. What additional requirements must the broker meet to serve as a broker of record?
Correct Answer
B) The broker must complete additional training on brokerage management and be designated by the entity's ownership
To serve as broker of record, a licensed broker must be designated by the ownership of the brokerage entity. The broker should have knowledge of brokerage management responsibilities, including supervision, escrow management, and compliance with RELA.
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