R4-28-304. Branch Office; Branch Office Manager

A. To obtain a branch office license, the designated broker shall submit to the Department before operating the branch office the following information for each branch office of the employing broker on the Application for Branch Office form: 1. The name, date, and signature of the designated broker; 2. The license number of the employing broker; 3. The name, address of record, telephone, email address, and license number of the main office; 4. The employing broker’s d.b.a. name, if applicable; 5. The address of record, telephone number, email address of record, if any, of the branch office, and; 6. The name and license number of the salesperson or broker who is the branch office manager and the authority granted to the branch office manager, including any designation of authority under subsection (B). B. Branch office manager. A designated broker may authorize in writing an associate broker or salesperson to act as a branch office manager to perform any of the following duties of the designated broker at the branch office. A designated broker must maintain any letters of authority required under R4-28- 303(E)(7) specifying which duties the branch manager is permitted to perform. Any associate broker or salesperson with delegated duties becomes responsible, in addition to the designated broker, for the supervision of licensees licensed through the branch for those duties. This designation does not relieve the designated broker from any responsibilities. Upon change of the branch manager, the designated broker shall submit a new authorization to the Department within 10 days of the change and shall retain a copy in the broker’s main office for five years beyond either the closure of the branch or the removal of the authority, whichever occurs earliest. 1. If the branch manager is an associate broker, the associate broker may, when dealing with branch office transactions: a. Review and initial contracts, b. Supervise the activity of salespersons and associate brokers, c. Hire or sever a salesperson or associate broker, d. Sign compensation checks, e. Be a signer on the branch office trust account and property management trust account, f. Write checks from the broker’s trust accounts, and g. Be responsible for the handling of all trust account funds administered by the branch manager. 2. If the branch manager is a salesperson, the salesperson may, when dealing with branch office transactions: a. Perform office management tasks that are not statutory duties of the designated or employing broker, and b. Be a signer on the broker’s trust account and property management trust account. C. Temporary office. An additional license is not required for a temporary office established for the original on site sale of properties within the immediate area of a subdivision or unsubdivided land. 1. The broker named in the application for public report shall supervise operation of the temporary office to sell or lease the subdivided or unsubdivided land. 2. The broker shall display the subdivision or unsubdivided land name and the licensed name of the employing broker marketing the development in a prominent manner at the entrance to the temporary office.