Section 17.03. Limitations on employees of a broker.

 

(1)  A broker who is employed by a broker-employer may also engage in real estate practice in his or her own name, if the broker obtains written approval from the broker-employer and avoids conflicts of interest with his or her employment by the broker-employer.

(2)  A licensee who is employed by a broker-employer may personally employ licensed persons only as unlicensed personal assistants within the meaning of s. REEB 17.02 (5) , subject to the provisions in s. REEB 17.12 .

(3)  A licensee may be employed by only one broker-employer at any time.

(4)  A salesperson or time-share salesperson may engage in real estate practice only when employed by a broker.

History: Cr. Register, November, 1985, No. 359 , eff. 12-1-85; am. (2), Register, January, 1998, No. 505 , eff. 2-1-98; am. (2) to (4), Register, January, 2001, No. 541 , eff. 2-1-01; correction in (2) made under s. 13.92 (4) (b) 7. , Stats., Register November 2011 No. 671 .