Under TREC rules, a broker who has sponsored a sales agent terminates the relationship. The departing agent has pending transactions with clients. Under TREC rules, who is responsible for ensuring the clients' transactions are properly handled?
Correct Answer
B) The sponsoring broker retains responsibility for ensuring clients' pending transactions are properly handled during the transition
Under TREC Rules §535.2, the sponsoring broker retains responsibility for clients and pending transactions during a transition. The broker must ensure that clients' interests are protected and transactions are properly managed, whether through reassignment to another agent or direct broker oversight.
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