The broker has received several complaints from buyers’ agents that a licensee has not submitted offers to the seller. Upon investigation, the designated broker discovered that the complaints were accurate. On several transactions, the listing agent received yet did not convey offers to the property owners. The owners were not aware, nor did they agree, that certain offers would not be presented to them.
Is the broker obligated to inform the ADRE of this activity?
The broker may, but is not obligated to, advise the ADRE of the licensee’s activity. However, if the broker does report the activity immediately, the broker is not subject to disciplinary action from the ADRE for failing to supervise the licensee. See A. A. C. R4-28-1103 (F).