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§ 2724. Minimum Requirements for Supervision Under Section 10131.01.

10 CA ADC § 2724Barclays Official California Code of RegulationsEffective: April 1, 2022

Barclays California Code of Regulations
Title 10. Investment
Chapter 6. Real Estate Commissioner (Refs & Annos)
Article 4. Brokers
Effective: April 1, 2022
10 CCR § 2724
§ 2724. Minimum Requirements for Supervision Under Section 10131.01.
Currentness
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 responsible broker and who has entered into a written agreement relating thereto with the responsible 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.

Credits

Note: Authority cited: Sections 10080 and 10131.01, Business and Professions Code. Reference: Section 10131.01, Business and Professions Code.
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).
4. Amendment of subsection (a) filed 1-21-2022; operative 4-1-2022 (Register 2022, No. 3).
This database is current through 6/7/24 Register 2024, No. 23.
Cal. Admin. Code tit. 10, § 2724, 10 CA ADC § 2724
End of Document