Section 12 AAC 64.125 - Supervision(a) Failure of a broker and associate broker in charge to adequately provide for the supervision of the activities of licensees for whom they are responsible is grounds for disciplinary action against the (2) associate broker designated by the broker to manage a branch office; and(3) broker and associate broker in charge designated by the broker of record to supervise transactions or licensees during the broker of record's absence.(b) Adequate supervision of a licensee by a broker and an associate broker in charge includes (1) providing for the review of files for completeness and accuracy and ensuring all required real estate related documents are on file, including all applicable local, state, and federal forms before the recording of the transaction;(2) communicating office policies to affiliated licensees; and(3) supervision for compliance of brokerage policies, guidelines, and requirements that are specifically listed under AS 08.88.685(a)(1) - (5).(e) Computer, modem, electronic mail, telephone, or facsimile communications may be used to supervise licensees and to review and approve documents of licensees. All transaction records must be maintained in the real estate office where the supervised licensee is registered with the commission.Eff. 8/22/79, Register 71; am 7/16/94, Register 131; am 1/1/2005, Register 172; am 12/7/2011, Register 200; am 5/24/2023, Register 246, July 2023Authority:AS 08.88.071
AS 08.88.081
AS 08.88.171
AS 08.88.331
AS 08.88.685