N.Y. Comp. Codes R. & Regs. tit. 19 § 175.21

Current through Register Vol. 46, No. 51, December 18, 2024

Section 175.21 - Supervision of salesman by broker

(a) The supervision of a real estate salesman by a licensed real estate broker, required by subdivision 1(d) of section 441 of the Real Property Law, shall consist of regular, frequent and consistent personal guidance, instruction, oversight and superintendence by the real estate broker with respect to the general real estate brokerage business conducted by the broker, and all matters relating thereto.

(b) The broker and salesman shall keep written records of all real estate listings obtained by the salesman, and of all sales and other transactions effected by, and with the aid and assistance of, the salesman, during the period of his association, which records shall be sufficient to clearly identify the transactions and shall indicate the dates thereof. Such records must be submitted by the salesman to the Department of State with his application for a broker's license.

(c) Participation in the general real estate brokerage business as a licensed real estate salesman shall consist of active service under the supervision of a licensed real estate broker for at least 35 hours per week for 50 weeks in each year required for qualification under the law.

N.Y. Comp. Codes R. & Regs. Tit. 19 § 175.21