Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 12. Professional Regulations. |
Part 12.1. Boards and Commissions Subject to Centralized Licensing. |
Chapter 12.64. Real Estate Commission. |
Article 12.64.2. Licensing. |
Section 12.64.125. Supervision.
Latest version.
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(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. (c) Repealed 7/16/94. (d) Repealed 7/16/94. (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.
Authorities
08.88.071;08.88.081;08.88.171;08.88.331;08.88.685
Notes
Authority
AS 08.88.071 AS 08.88.081 AS 08.88.171 AS 08.88.331 AS 08.88.685History
Eff. 8/22/79, Register 71; am 7/16/94, Register 131; am 1/1/2005, Register 172; am 12/7/2011, Register 200