18VAC135-20-165. Duties of supervising broker.
In addition to the duties of supervising brokers set forth in § 54.1-2110.1 of the Code of Virginia, supervising brokers must:
1. Provide supervision of brokerage services in a timely manner.
2. Undertake reasonable steps to ensure only licensees undertake activities requiring a license, to include such activities described in 18VAC135-20-335 A.
3. Provide adequate supervision over all unlicensed individuals or entities associated with the firm or the firm's licensees, to include such activities described in 18VAC135-20-335 B.
4. Act with reasonable diligence and promptness in responding to inquiries from cooperating brokers.
Statutory Authority
§§ 54.1-201 and 54.1-2105 of the Code of Virginia.
Historical Notes
Derived from subsection D of 18VAC135-20-160, Virginia Register Volume 31, Issue 26, eff. November 1, 2015; amended, Virginia Register Volume 35, Issue 17, eff. June 1, 2019; Volume 42, Issue 4, eff. November 5, 2025; Volume 42, Issue 14, eff. April 1, 2026.