Question 20

Two salespersons may be designated to share supervising responsibilities.

In the context of branch offices, it is incorrect to state that two salespersons may share supervising responsibilities. This is because supervisory roles in a branch office must be held by a licensed broker or broker-salesperson.

A) The name of the branch office supervisor must be recorded with the commission.

This statement is correct as it is a requirement that the name of the branch office supervisor be documented with the commission to ensure accountability and proper oversight of the branch operations.

B) A licensed broker-salesperson must supervise the office on a full-time basis.

This option is accurate since branch offices must have a licensed broker-salesperson supervising them on a full-time basis to maintain compliance with regulatory standards and ensure effective management.

C) Two salespersons may be designated to share supervising responsibilities.

This statement is incorrect because regulations typically require that only one licensed broker or broker-salesperson can be designated as the supervisor for a branch office. Sharing supervisory responsibilities between two salespersons does not meet the legal requirements for branch office oversight.

D) The employing broker is ultimately responsible for all licensees employed at the branch office.

This statement is true as the employing broker retains ultimate responsibility for all actions and compliance of the licensees operating within the branch office, ensuring accountability at the highest level.

Conclusion

The correct answer is option C, as it contradicts the regulatory requirements that dictate that only one licensed broker or broker-salesperson can fulfill the supervisory role in a branch office. Options A, B, and D are all accurate statements that align with the legal framework governing branch office operations, thereby reinforcing that C is the only incorrect choice.