Designation of Branch/Division Managers
Effective July 1, 2012, an employing real estate broker or corporate designated broker officer may appoint a licensee as a manager of a branch office or division of the employing broker's or employing corporate designated broker officer's real estate business and delegate to that manager responsibility to oversee and supervise operations and licensed activities. An appointment of a branch or division manager must include a written contract whereby the manager accepts the delegated responsibilities. The employing broker or corporate designated broker officer must retain a copy of this contract and also send a completed RE 242 – Branch or Division Manager Appointment form to CalBRE identifying the appointed manager and the branch office or division the manager is appointed to supervise.
A licensee will be precluded from being appointed if the licensee holds a restricted license, has been subject to an order of debarment, or is a salesperson with less than two years of full-time real estate experience within five years preceding the appointment. The law also specifies that whenever an appointment of a branch or division manager is terminated or changed, the employing broker or corporate designated broker officer must immediately notify CalBRE. (SB 510 , Correa, Chapter 709, Statutes of 2011).
Licensees wishing to add or cancel a branch office should continue to use the RE 203 Branch Office Application .