Which of the following is a primary responsibility of a broker of record?

The primary responsibility of a broker of record is to ensure compliance within the brokerage. This role involves overseeing the operations and activities of the brokerage to make sure they adhere to all applicable laws, regulations, and industry standards. Compliance is crucial as it protects both the brokerage and its agents from legal and financial risks, ensuring that all business practices are ethical and transparent. The broker of record is also tasked with establishing policies and procedures that promote compliance and best practices, providing oversight of transactions and licensing requirements.

While finding clients for salespersons, providing legal representation, and personally negotiating contracts are important functions within a brokerage, they are not the central duties of a broker of record. Instead, these responsibilities may be part of the broader operations of the brokerage, carried out by various staff, including salespersons and legal professionals, under the broker's supervision. The broker’s focus on compliance helps to maintain the integrity and reputation of the brokerage within the real estate industry.