Final answer:
A broker in charge has responsibilities like reassigning listings, managing transactions, handling unearned commissions, and revoking access to resources when a salesperson leaves the brokerage. They must also adhere to state laws and notify the real estate commission.
Step-by-step explanation:
When a salesperson is terminated or otherwise leaves a brokerage, the broker in charge has several responsibilities to ensure compliance with real estate laws and regulations. These responsibilities generally include ensuring that all of the former salesperson's listings are reassigned to another salesperson within the brokerage, managing any outstanding transactions to a close, and dealing with any contractual obligations the salesperson may have had. The broker in charge must also ensure that any unearned commission fees are handled according to state laws and the brokerage's policy and that the salesperson's access to brokerage resources, such as property databases and client information, is revoked to protect client confidentiality. In addition, the broker must usually notify the real estate commission about the change in employment status.