Who can be held responsible for all real estate activities of salespersons?

The managing broker is held responsible for all real estate activities of salespersons within their firm. This responsibility stems from the managing broker’s role as a supervisor and leader of the brokerage. The managing broker is tasked with ensuring that all transactions comply with real estate laws and regulations, as well as overseeing the activities of salespersons to maintain ethical standards and proper conduct in business practices.

While salespersons are accountable for their individual actions, the ultimate responsibility for the overall conduct of all salespersons under the brokerage falls on the managing broker. This includes training, compliance with state laws, and adherence to the brokerage's policies and procedures. A brokerage can be held liable for the actions of its agents, making the managing broker a key figure in the operational integrity of the firm.

The other choices either refer to individual accountability of salespersons or to broader entities without the specific supervisory responsibility vested in managing brokers. The state licensing board, for example, regulates and oversees licensing standards but does not have direct authority over daily operational oversight of salespersons’ activities.