Agent Rivera wants to advertise 'Guaranteed Sale or I'll Buy Your House!' in her marketing materials. Under GREC rules, what must she include with this advertisement?
Correct Answer
B) Complete terms and conditions of the guarantee
GREC Rule 520-1-.05 requires that any guarantee or similar promise in advertising must include complete terms and conditions to avoid misleading the public. A is not required in the advertisement itself. C is incorrect as GREC doesn't pre-approve advertising content. D violates the disclosure requirement for guarantees.
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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?
- → In a formal GREC disciplinary hearing regarding alleged license law violations by a licensee, what standard of proof must be met to support disciplinary action?
- → Agent Carlos Martinez violated GREC advertising rules by failing to include his brokerage name in multiple property advertisements. This is his first offense with no other violations on record. What is the most likely initial disciplinary action the GREC will take?
- → 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?
- → 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?
- → Real estate firm ABC Realty wants to advertise on social media. According to GREC advertising rules, what information must be included in their Facebook advertisement?
- → Agent Smith places a newspaper advertisement that reads 'Beautiful 3BR/2BA home, great location, call Smith 555-1234.' What GREC rule violation has occurred?
- → Broker Taylor's trust account is overdrawn by $500 due to a bank error. The bank corrects the error the next day. Must Taylor report this to GREC?
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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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In a Georgia transaction involving a warehouse condo, Micah asks the supervising broker for direction. Example 14 is under review. The office is debating the claim that when a licensee advertises the licensee’s own property, no special disclosure or broker-related considerations apply. It is comparing that claim with the rule that written permission is important when advertising specific property, and special rules apply when a licensee advertises property the licensee owns. The review topic is advertising rules, firm-name prominence, written permission, discriminatory advertising, and internet removal timing. Which statement is correct?