Advertising, Self Interest, Misc Flashcards
The licensee can not lease real estate unless….
The licensees broker hold a written property management agreement with the owner
What should magnet agreements include?
Proper identification
Compensation
Terms and conditions of management
What should be on each page of a marketing or advertising website?
Firms name
City and state the firm is located
States where the firm has a brokerage license
A licensee advertisement must include…
Licensee name
Name of the firm they belong to
City and state where the firm is located
States the licensee has a license
Rule of referral fees…
Licensee may not pay referral fees or finder fees to unlicensed third parties for providing leads or referring business
When can licensees advertise under their own name?
If it’s their property (the owner) and a written notice that says you are a relator, it’s your property and there’s no brokerage fee
When can a licensee not act in a transaction?
When it’s on their own behalf or immediate family members , unless there is a written disclosure first
Who is responsible for advertising?
The agent and broker
If licensee is planning on representing a family member what do they need to do?
Disclose that they are realated
