A New Jersey salesperson, Thomas, distributes business cards that read: 'Thomas Reyes — Real Estate Professional — ThomasReyes@email.com — 201-555-0400.' The cards do not mention his employing broker, Summit Realty LLC. A prospective client calls Thomas after receiving his card and later files a complaint with the NJREC. The most likely basis for a valid complaint is that:
Correct Answer
B) Thomas's business card constitutes advertising that fails to identify his affiliated broker or brokerage
Under N.J.A.C. 11:5-3.2, business cards used by a salesperson to solicit real estate business constitute advertising and must identify the affiliated broker or brokerage. Thomas's business card omits Summit Realty LLC entirely, which constitutes blind advertising — a violation of New Jersey advertising regulations. The NJREC would have a valid basis to act on this complaint.
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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 first-time Wyoming salesperson applicant starts the application process. Which statement is correct?
- → A Wyoming licensee is reviewing all first-time salesperson steps are otherwise complete. What is the best answer?
- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
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