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Pa Licensing Requirements CePost_license_requirementsMEDIUM

A broker of record in PA discovers that a salesperson affiliated with the brokerage has been convicted of theft. Under RELA, what is the broker's obligation?

Correct Answer

B) The broker should report the conviction to the SREC and consider the salesperson's continued affiliation

Under RELA, the broker of record has a supervisory duty. Upon learning of a salesperson's criminal conviction, the broker should report the information to the SREC and evaluate whether the salesperson should remain affiliated with the brokerage.

Answer Options
A
No obligation since the conviction is the salesperson's personal matter
B
The broker should report the conviction to the SREC and consider the salesperson's continued affiliation
C
The broker must immediately terminate the salesperson without any investigation
D
The broker should contact the buyer involved in the salesperson's last transaction

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Related Topics & Key Terms

Key Terms:

broker_obligationcriminal_convictionreportingsupervision
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