A Georgia licensee wants to advertise a property that the licensee personally owns. Under GREC advertising rules, which statement best describes the licensee's obligations?
Correct Answer
B) The licensee must disclose their licensed status in the advertisement and ensure the advertisement complies with all GREC advertising requirements, including firm-name rules where applicable.
Option B is correct. A Georgia licensee advertising personally owned property must disclose licensed status and comply with GREC advertising requirements, including firm-name and accuracy rules where applicable. Option A is incorrect because licensees cannot advertise as ordinary private sellers without required disclosures. Option C is incorrect because verbal broker approval is not enough where written authorization is required, and firm-name requirements are not waived merely because the property is owner-occupied. Option D is incorrect because GREC pre-approval is not the rule.
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- → According to GREC advertising rules, what name identification is required on a real estate yard sign placed on a listed property?
- → A newly licensed Georgia salesperson asks why exam preparation materials cover both recordkeeping and advertising rules in the same study section. What is the best explanation?
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- → Broker Davis discovers that $2,000 in earnest money was mistakenly deposited into his operating account instead of his trust account. What must he do immediately?
- → According to GREC regulations, what is the minimum period a Georgia broker must retain records of trust account transactions?
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Under Georgia advertising rules, which of the following statements correctly describes a licensee's obligation regarding online property listings?
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