5. Assistant Employment Agreement

What is the purpose of Form 507?

• To record a real estate sale

• To hire a licensed real estate agent

• To enter into an agreement hiring an unlicensed administrative assistant

• To terminate an employee

What type of insurance coverage is the Broker NOT explicitly required to maintain for the Assistant?

• Workers' compensation

• Health

• Dental

• Auto

Which of the following is NOT a duty of the Assistant as per the agreement?

• Schedule appointments for Broker or Licensee

• Engage in activities that require a real estate license

• Prepare documents and design advertising materials

• Assist in the implementation of Licensee's activities

What must the Assistant refrain from divulging during or after the term of the agreement?

• Their own personal information

• The business or names of clientele, lists or descriptions of forms, trade secrets, or business practices of Broker or Licensee

• The terms of their compensation

• The location of the Broker's office

What type of insurance is the Assistant required to carry?

• Health insurance only

• Property damage insurance policy with a rider naming Broker as co-insured

• Life insurance only

• Workers' compensation insurance

What type of duties is the Assistant expected to perform?

• Discretionary administrative duties

• Nondiscretionary administrative duties

• Licensed real estate activities

• Supervisory roles

How can disputes between the Assistant, Broker, or Licensee be resolved if they cannot be settled by the Broker?

• By the State Labor Commission

• By non-binding mediation

• By arbitration under the rules of the American Arbitration Association

• All of the above

Who employs the Assistant according to the form?

• The State of California

• The Broker

• The Licensee

• The American Arbitration Association

How is the Assistant's compensation structured according to the form?

• Commission-based only

• Salary only

• Hourly wage

• Both B and C

Who is responsible for overseeing and supervising the Assistant's activities?

• The State Labor Commission

• The Broker

• The Licensee

• The American Arbitration Association