Broker Thompson in Minneapolis wants to advertise her real estate services on a new website. Under Minnesota license law, which of the following must be included in the advertisement to comply with Minn. Stat. Ch. 82?
Correct Answer
B) The name of the brokerage firm as licensed with the Minnesota Department of Commerce
Under Minn. Stat. Ch. 82, all real estate advertising must include the name of the licensed brokerage firm as it appears on the license issued by the Minnesota Department of Commerce. This ensures the public can identify the licensed entity responsible for the advertisement and prevents misleading 'blind ads.'
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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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