What must brokers of record provide to their brokers and salespersons?

Brokers of record have a fundamental responsibility to ensure that their brokers and salespersons operate within the legal and ethical boundaries established by regulatory agencies. This includes providing proper supervision to ensure compliance with all relevant regulations and standards. Such oversight is vital for maintaining the integrity of the real estate profession and protecting the interests of clients.

By ensuring that all activities are compliant with regulations, brokers of record help to mitigate risks associated with misrepresentation, fraud, and other unethical practices that can arise in real estate transactions. This supervision also encompasses training and guidance related to industry standards, client handling, and transaction processes, fostering a culture of professionalism within the brokerage.

While offering adequate resources for marketing, networking opportunities, and sales incentives can be beneficial practices, the primary duty of brokers of record lies in supervising their agents to ensure compliance, which is essential for the overall functioning and reputation of the real estate industry.