Principal broker definition

Principal broker means a broker who is either a real estate proprietor, a partner in a real estate partnership, or an officer in a real estate corporation.

Principal broker means the individual broker, including the broker designated as representative of a corporation or partnership whom the commission shall hold responsible for the actions of licensees who are assigned to the principal broker.

Principal broker means a person licensed as a broker under KRS 324.046 who, in addition to performing acts of real estate brokerage or transactions comprehended by that definition, is the single broker responsible for the operation of the company with which he or she is associated;

Examples of Principal broker in a sentence

• Principal broker is strictly responsible for trust accounts and trust funds, regardless of who actually performs the day-to-day work.

• Principal broker is strictly responsible for trust accounts and trust funds, regardless of who actually performs the day-to- day work.

• Principal broker and managing broker applicants shall submit to the commission a surety bond in the sum of $25,000 to run concurrently with the dates of licensure, executed by the applicant and by a surety company authorized to do business in the state of New Hampshire.

• Principal broker and managing broker applicants shall submit to the commission a surety bond in the sum of at least $25,000 to run concurrently with the dates of licensure, executed by the applicant and by a surety company authorized to do business in the state of New Hampshire.

• Material change fee - $150.00(d) The following bond amounts are established at the amounts indicated:(1) Developer’s consolidated bond - $50,000(2) Acquisition agent bond - $10,000(3) Principal broker bond - $10,000(4) Managing agent bond - $10,000 13.2 Agents; amendment of registration.

More Definitions of Principal broker

Principal broker means the individual broker who shall be designated by each firm to assure compliance with Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1 of the Code of Virginia, and this chapter, and to receive communications and notices from the board which may affect the firm or any licensee active with the firm. In the case of a sole proprietorship, the licensed broker who is the sole proprietor shall have the responsibilities of the principal broker. The principal broker shall have responsibility for the activities of the firm and all its licensees. The principal broker shall have signatory authority on all escrow accounts maintained by the firm.

Principal broker means an individual licensed as a real estate broker under this chapter who oversees and directs the operations of the brokerage.

Principal broker means a real estate broker licensed by the director who is

Principal broker means an individual who is licensed as a principal broker under this chapter and who:

Principal broker means an individual who is licensed or required to be licensed as a principal broker under this chapter who:

Principal broker means the Broker designated by an agency to be responsible for the agency’s and/or any affiliated Licensees’ compliance with the Act and regulations.

Principal broker means a broker who is not acting as a broker- salesperson.