Agent Thomas works for Bluegrass Realty in Frankfort. He places an online advertisement for a listing that prominently displays his personal name and phone number but makes no mention of his employing broker, Bluegrass Realty. Under Kentucky license law, this advertisement is most likely:
Correct Answer
A) A violation, because Kentucky requires all advertising by licensees to clearly identify the principal broker or brokerage
Under KRS 324.160 and KREC advertising regulations, all advertising by affiliated licensees must clearly identify the principal broker or brokerage under which the licensee operates. Advertising that omits the brokerage name and creates the impression that the licensee is operating independently violates Kentucky's advertising rules, regardless of the medium used.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
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?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
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?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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