How often should brokers review their written office policies?

Brokers should review their written office policies regularly to ensure compliance with current laws and regulations, as well as to keep the policies relevant to the changing real estate market and business environment. This ongoing review process helps identify any necessary updates or changes to the policies that reflect new legal requirements, industry standards, or internal business practices.

Regular reviews contribute to an organized and efficient office operation, guiding agents in their practices and ensuring that every aspect of the business aligns with both regulatory expectations and the agency's overall objectives. It fosters a proactive approach to managing the risks associated with real estate transactions, enhances agent training, and ultimately ensures that clients receive consistent and competent service.

In contrast, infrequent updates, such as reviewing policies only when new agents are hired or when a violation occurs, could leave the office exposed to potential legal issues or outdated practices. Such reactive approaches do not support the dynamic nature of real estate, where changes can happen frequently and unexpectedly. Hence, the emphasis on regular reviews underscores the importance of maintaining a well-informed and compliant brokerage environment.