Section 17.02. Definitions.

 

(2m)  "Broker-employe" means a broker who is employed to provide services for another broker.

(3)  "Broker-employer" means a sole proprietor or business entity that employs another licensee to provide services to the broker.

(3g)  "Immediate family" means any of the following:

(a) Parents, stepparents, grandparents, foster parents, children, stepchildren, grandchildren, foster children, brothers and their spouses, sisters and their spouses, of a licensee or a licensee's spouse.

(b) The spouse of a licensee.

(c) Aunts and uncles, sons-in law or daughters-in-law of a licensee or a licensee's spouse.

(3k)  "Licensee" has the meaning under s. 452.01 (5) , Stats.

(3m)  "Open house" means a showing of real estate open to the public for viewing without an individual appointment.

(4g)  "Reasonable review" means the timely review of a document or record to detect and correct errors which include ambiguous, omitted or incomplete portions of a document or record, or incorrect words, numbers, phrases, legal descriptions, terms or conditions. "Reasonable review" does not include the detection and correction of an error which is not apparent on the face of the document or record, unless the supervising broker knows or has reason to know of the error.

(4r)  "Supervising broker" means a broker to whom a broker-employer's duty to supervise licensees employed by a broker-employer is delegated and who is responsible for ensuring compliance by the broker-employer with the duty to supervise licensed employees under s. REEB 17.08 .

(5)  "Unlicensed personal assistant" means a person not licensed under ch. 452 , Stats. , or a person who is licensed but not employed for the purpose of providing services for which a license is required under ch. 452 , Stats. , who on behalf of and under the direction of a licensee, provides the licensee with administrative, clerical or personal services for which a license under ch. 452 , Stats. , is not required.

History: Cr. Register, November, 1985, No. 359 , eff. 12-1-85; cr. (2m), (3m), and (5), am. (3), Register, January, 1998, No. 505 , eff. 2-1-98; am. (3) and (5), cr. (3g) and (3k), Register, January, 2001, No. 541 , eff. 2-1-01; CR 04-124 : r. (1), (2) and (4), cr. (4g) and (4r) Register June 2005 No. 594 , eff. 7-1-05; correction in (4r) made under s. 13.92 (4) (b) 7. , Stats., Register November 2011 No. 671 .