James, a licensed Massachusetts salesperson, posts a 'For Sale By Owner' style sign on a property he personally owns, without including the name of his employing brokerage, Northshore Realty. James argues that since he owns the property personally, the brokerage identification requirement does not apply. Under Massachusetts law, which of the following is the most accurate assessment?
Correct Answer
A) James must disclose that he is a licensed real estate salesperson, and his advertising must comply with BORREBS regulations including brokerage identification
Under Massachusetts law and BORREBS regulations, a licensed real estate salesperson who sells property they personally own must still disclose their licensee status and comply with applicable advertising regulations. Because James holds a salesperson license affiliated with Northshore Realty, any advertising he places — even for his own property — must comply with the brokerage identification requirement. Additionally, he has an affirmative duty to disclose his status as a licensee to prospective buyers, which is a Massachusetts-specific professional obligation.
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Related Topics & Key Terms
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Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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