Question

Colorado law requires an employing broker to:

A. appoint, in writing, a designated broker for every side of every transaction.
B. act as the designated broker for every side in every transaction.
C. appoint a designated broker for a buyer in a transaction only if the buyer has no other representation.
D. allow the parties to a transaction to choose who they will have as their designated agents.

Answer 1

The answer is B. act as the designated broker for every side in every transaction

Step-by-step explanation:

Employing broker in Colorado law is responsible for supervision over new broker licensees. That licensed broker who employs a licensed real estate salesperson for renting and selling real estate.

Answer 2

B. act as the designated broker for every side in every transaction.

Explanation:

An employing broker is a term that is used in real estate. An employing broker is a perons that is licensed and is given the permission to employing and another licensed personnel called a salesperson. This licensed sale person is employed for the purpose of selling and renting out real estate properties.

An employing broker is expected and mandated to pay or give commissions to the licensed sales person for any real estate properties that he or she sells.

It is expected that an employing broker has relative years or experience a minimum or 2 years in the sale of real estate properties.

An employing broker supervises all newly licensed broker for 2 years and manage all the company's record of transaction.