Committee discusses limits on designated brokers and supervision but asks for clearer problem statements before recommending rule changes
Public comments asked the committee to limit designated brokers from sponsoring many separate companies; members said the recurring concern is insufficient supervision but that a workable regulatory fix requires a clearer definition of 'supervising agents' and concrete recommended changes before proceeding.
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A public commenter asked the committee to consider limiting how many companies a designated broker may sponsor (a practice described in comments as "rental brokers"). Members acknowledged the recurring public concern but said enforcement hinges on whether a broker provides adequate supervision and whether the statute supports numerical limits.
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