A broker shall exercise reasonable and adequate supervision over the activities of the broker's associate brokers and salespersons. A branch office manager shall exercise reasonable and adequate supervision over the activities of the associate brokers and salespersons registered with that office. The exercise of reasonable and adequate supervision as defined in this chapter may not be construed or deemed to create an employer/employee relationship between the broker and licensed associated brokers and licensed salespersons under the broker's supervision, or to alter the status of an individual as an independent contractor.