12 AAC 64.125. Supervision

(a) Failure of a broker or associate broker to adequately provide for the supervision of the activities of licensees for whom they are responsible is grounds for disciplinary action against the

(1) employing broker;

(2) associate broker designated by the broker to manage a branch office; or

(3) broker or associate broker 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 or an associate broker includes

(1) before recording of the transaction, 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; and

(2) communicating office policies to affiliated licensees.

(d) Repealed 7/16/94.

(e) Computer, modem, or facsimile communications may be used 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.

History: Eff. 8/22/79, Register 71; am 7/16/94, Register 131; am 1/1/2005, Register 172

Authority: AS 08.88.071

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