The IREC receives a complaint that broker Patricia has been operating a real estate team under the name 'Patricia's Home Team' without properly registering the team name. During the investigation, it is also discovered that Patricia's team members are advertising using only the team name without including the brokerage name in their marketing materials. Under Idaho law and IREC regulations, which of the following most accurately describes the violations present?
Correct Answer
C) Both the failure to register the team name and the advertising that omits the brokerage name may constitute violations of Idaho license law and IREC advertising regulations
Under Idaho Code § 54-2015 and IREC advertising regulations, real estate team names used publicly must be registered or disclosed properly, and all advertising by licensees — including team members — must clearly identify the brokerage (designated broker) with whom the licensees are affiliated. Omitting the brokerage name from team advertising violates IREC's advertising rules, which require that the public be able to identify the licensed entity responsible for the transaction. Both issues represent potential violations subject to IREC disciplinary action.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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