Agency
In Virginia, a principal broker is responsible for the activities of their affiliated salespersons because:
AVREB requires all brokers to co-sign every contract
BThe broker has a supervisory duty over licensees affiliated with their firm✓ Correct
CSalespersons are independent contractors with no supervision
DThe broker owns all client relationships
Explanation
Virginia's principal broker has a statutory supervisory responsibility for all real estate activities conducted by affiliated salespersons. The broker can be disciplined for failing to properly supervise.
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