Only a principal broker can hire a licensed personal assistant
By Jeff Sorg, OnlineEd Blog
(June 11, 2018)
The principal broker should enter into a written agreement with the assistant defining the direct supervision and control that the principal broker will have over the assistant.
The compensation program for a licensed personal assistant can be a salary, commission, or a combination of both, just so long as the agreement has authorized the method. The company is also required to have a written office policy for the supervision and control of a licensed personal assistant, and to enter into written agreements with all principal brokers who employ licensed personal assistants.
The written agreement between an employing principal broker and a licensed personal assistant should include the following:
- The name of the real estate business;
- The parties to the agreement;
- The duration of the agreement and a provision for its termination;
- The employment status of the licensed personal assistant;
- The name of the principal real estate broker(s) with whom the licensed personal assistant is associated, along with reference to written office policies and agreements establishing supervision and control of the licensed personal assistant;
- The duties and responsibilities of the licensed personal assistant, including any limitations on their ability to represent clients on behalf of the principal broker;
- The manner and means by which the licensed personal assistant is to be compensated, including reference to any principal broker authorization; and if necessary
- A provision that a licensed personal assistant shall in all instances have the same agency relationships with clients as the principal broker.
Only a principal broker can hire a licensed personal assistant.
OnlineEd blog postings are the personal opinion of the author and not intended as legal or other professional advice. Be sure to consult the appropriate party when professional advice is needed.
For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers visit www.OnlineEd.com.
All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.
OnlineEd® is a registered Trademark
Jeff Sorg is a co-founder of OnlineEd®, a Web-based vocational school founded in 1997 where he also serves as Corporate Secretary, Chief Operating Officer, and School Director. Sorg holds vocational instructor licenses in Oregon, Washington, California, and Nevada and has authored numerous pre-licensing and continuing education courses. Sorg was awarded the International Distance Education Certification Center’s CDEi Designation for distance education in 2008-2018.
OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.