24.210.606    HIGH LEVEL OF SUPERVISION

(1) In addition to the requirements of ARM 24.210.605, a supervising broker shall provide a high level of supervision for licensed salespersons with less than two years of experience or have less than ten transaction sides in a calendar year as follows: 

(a) provide specific training in office policies and procedures; 

(b) review and provide assistance in preparing contracts;

(c) monitor transactions from contract to closing; and

(d) review documents in preparation for closing.

(2) Nothing in this rule shall prevent a supervising broker from engaging others to assist in providing the supervision outlined in (1).  The supervising broker takes full responsibility for any additional brokers, salespersons, or unlicensed assistants employed by the broker to assist or audit a licensee's business.

 

History: 37-1-131, 37-1-319, 37-51-203, MCA; IMP, 37-1-131, 37-1-319, 37-51-302, MCA; NEW, 2021 MAR p. 1778, Eff. 12/11/21.