Cal. Code Regs. tit. 10 § 2724

Current through Register 2024 Notice Reg. No. 44, November 1, 2024

Section 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 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.

Cal. Code Regs. Tit. 10, § 2724

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).

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