What is the primary responsibility of a broker of record?

The primary responsibility of a broker of record is to oversee compliance and operations within the brokerage. This role is crucial as it involves ensuring that the brokerage adheres to the regulations set forth by the Real Estate Council of Ontario and other governing bodies. The broker of record is tasked with implementing policies and procedures that align with legal and ethical standards, thereby safeguarding the interests of clients and maintaining the integrity of the real estate profession.

Furthermore, the broker of record plays a central role in supervising real estate agents and supporting their activities, ensuring that all transactions conducted by the brokerage are compliant with local laws and regulations. This oversight is vital for maintaining the brokerage’s license and reputation in the industry.

While other roles mentioned, such as managing listings, selling properties directly, or handling marketing activities, may be important aspects of real estate operations, they fall under the broader responsibilities that a broker of record manages. Their primary focus is on compliance and operational integrity, making option B the most accurate choice.