(A) The broker-in-charge must be responsible for supervising the team and all licensed members of the team. The broker-in-charge may not delegate supervisory responsibilities to the team members or team leader. Written office policy of the broker-in-charge shall address team relationships in which associated licensees may engage.
(B) The team may act as disclosed dual agents only and with the prior informed and written consent of all parties and as addressed in the broker-in-charge's written office policy.
(C) Team members must conduct all real estate brokerage activities from their commission-established office under the supervision of a broker-in-charge.
(D) Team advertising must contain the team name and the full name of the real estate brokerage firm displayed in a conspicuous way.
(E) No team may imply that the team is a separate entity from the brokerage firm of its employment. Team names may not include the terms "realty", "real estate", "realtors", or similar terms suggesting a brokerage.
(F) The team, and any and all team members, must display and promote that they are directly connected to the brokerage firm under which the team works. The brokerage firm name under which the team works is to be displayed prominently and visibly in a meaningful and conspicuous way on all methods of advertising.
(G) The commission may promulgate regulations regarding the creation and operation of real estate teams.
HISTORY: 2016 Act No. 170 (S.1013), Section 1, eff January 1, 2017.