§ 2724. Minimum Requirements for Supervision Under Section 10131.01.

A broker may delegate the responsibility and authority to supervise and control the activities of nonlicensed persons acting under Section 10131.01:

(a) To a real estate broker acting in the capacity of a salesperson to the employing broker and who has entered into a written agreement relating thereto with the employing broker.

(b) To a real estate salesperson licensed to the broker if the salesperson has accumulated at least two years full-time experience as a salesperson licensee during the immediately preceding five-year period and has entered into a written agreement with the broker with respect to the delegation of responsibility.

HISTORY

1. New section filed 2-19-57; effective thirtieth day thereafter (Register 57, No. 4).

2. Repealer filed 7-12-80; effective thirtieth day thereafter (Register 80, No. 28).

3. New section filed 5-26-92; operative 6-25-92 (Register 92, No. 22).

Note

Note: Authority cited: Sections 10080 and 10131.01, Business and Professions Code. Reference: Section 10131.01, Business and Professions Code.