Which of the following is NOT included in the duties of a Principal Broker?

Which of the following is NOT included in the duties of a Principal Broker?

• A. Maintaining active client records
• B. Responding to all client grievances
• C. Conducting all real estate transactions personally
• D. Overseeing general operations of associated licensees

Answer: (C)

The responsibility of a Principal Broker encompasses various duties aimed at ensuring the smooth operation of a real estate brokerage. Among these responsibilities, maintaining active client records, responding to client grievances, and overseeing the general operations of associated licensees are all critical aspects of the role. Conducting all real estate transactions personally is not a requirement of a Principal Broker. This role is primarily focused on management and oversight rather than on engaging directly in every transaction. The Principal Broker ensures that all licensed real estate agents within the brokerage are complying with regulations and best practices while also providing support and guidance. By delegating transactions to associated licensees, the Principal Broker can effectively manage the broader operations of the brokerage, including compliance, training, and client relations, thus ensuring that the business can operate efficiently and successfully.

The responsibility of a Principal Broker encompasses various duties aimed at ensuring the smooth operation of a real estate brokerage. Among these responsibilities, maintaining active client records, responding to client grievances, and overseeing the general operations of associated licensees are all critical aspects of the role.

Conducting all real estate transactions personally is not a requirement of a Principal Broker. This role is primarily focused on management and oversight rather than on engaging directly in every transaction. The Principal Broker ensures that all licensed real estate agents within the brokerage are complying with regulations and best practices while also providing support and guidance.

By delegating transactions to associated licensees, the Principal Broker can effectively manage the broader operations of the brokerage, including compliance, training, and client relations, thus ensuring that the business can operate efficiently and successfully.