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Brokerage Standards Manual

Notice of Change: Information in this manual changed when new agency and disclosure rules came into effect on June 15, 2018. Learn more about the new rules.

VI. Managing Broker Duties

Action In The Event Of Improper Conduct

If the managing broker has knowledge of conduct that the managing broker considers to be professional misconduct, conduct unbecoming a licensee, or which may be improper or negligent conduct, section 3-1(2) of the Rules requires that the managing broker must take reasonable steps to deal with the matter.