21.2 In determining the adequacy of supervision, all relevant factors may be considered, including, but not limited to:
(a) whether the brokerage had established written policies and procedures which were provided to all REALTORS® and other personnel;
(b) whether office activities were regularly reviewed and updated to ensure that the policies and procedures were current and were being properly implemented;
(c) whether the principal had undertaken all reasonable steps to ensure compliance by all REALTORS® and other personnel;
(d) whether each transaction was reviewed by the principal, including trust deposits, sales record sheets, Listing and sales contracts and
(e) whether the principal took remedial action when a violation by a REALTOR® or other personnel was discovered.
(f) whether the brokerage regularly informed or updated the firm REALTORS® and other personnel on changes in legislation, rules and regulations or other relevant issues.
|