LOS ANGELES, Aug 25, 2011 (BUSINESS WIRE) –
Under current law, the Department of Real Estate (DRE) cannot hold an
office manager responsible for failing to supervise licensees within the
office. Current law only allows the DRE to hold the principal broker
responsible even in situations where that broker has delegated
supervisorial responsibilities to an office manager.
Senate Bill 510 (Lou Correa, D-Santa Ana), sponsored by the CALIFORNIA
ASSOCIATION OF REALTORS(R) (C.A.R.), increases the
responsibility and accountability of licensees managing real estate
offices. Under this measure, a broker of record would be permitted to
appoint an eligible real estate broker or salesperson to supervise
branch office operations, provided that a contract detailing the duties
and responsibilities to be performed by the office manager is in writing
and DRE is notified. Principal brokers would remain accountable for
their own supervisorial responsibilities; the DRE would also be able to
discipline office managers for failure to supervise.
“SB 510 will make office managers accountable if they fail to properly
supervise their sales agents,” said C.A.R. President Beth L. Peerce.
“This bill will ensure that California consumers receive the protections
to which they’re entitled when they walk into a real estate sales
office.”
SB 510 passed off the Assembly floor today by a vote of 57-11. It now
goes to Gov. Brown for his signature.
Leading the way…(R) in California real estate for more than
100 years, the CALIFORNIA ASSOCIATION OF REALTORS(R) (
www.car.org )
is one of the largest state trade organizations in the United States,
with more than 160,000 members dedicated to the advancement of
professionalism in real estate. C.A.R. is headquartered in Los Angeles.
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
CALIFORNIA ASSOCIATION OF REALTORS(R)
Lotus Lou, 213-739-8304
lotusl@car.org
Copyright Business Wire 2011
