Delaware License Law
Under Delaware license law, the term 'broker-in-charge' (or principal broker) refers to:
AAny licensed broker with 5 or more years of experience
BThe licensed broker responsible for the supervision of all affiliated licensees and the conduct of the office✓ Correct
CA broker who only works with commercial properties
DA broker designated by a court to manage an estate
Explanation
The broker-in-charge (or principal broker) is responsible for supervising all affiliated salespersons and associate brokers, ensuring compliance with license law and maintaining the trust accounts and office records.
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State-Specific Concepts
Broker SupervisionTrust Account RulesLicense Law
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