Real Estate Exam [California] 04, Broker Supervision and Salesperson Limits

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A salesperson must always be supervised by a responsible broker and cannot act independently. - Every branch office a broker maintains must have its own separate license from the DRE. - All advertising must prominently display the responsible broker's identity, equally or more conspicuously than any team name. - Brokers are required to review and initial all transaction documents within five business days of execution. - Salespersons are strictly forbidden from receiving compensation from anyone other than their employing broker.