An Ohio agent advertises a property listing on an online platform using the description 'Best deal in town — guaranteed to appreciate 20% in one year!' Under Ohio law, this advertisement is:
Correct Answer
A) A violation because guaranteeing future property appreciation is misleading and constitutes misrepresentation
Guaranteeing future property appreciation is misleading because property values are subject to market conditions and cannot be guaranteed. Under ORC §4735.18, making misleading or false promises about property values constitutes misrepresentation, which is grounds for disciplinary action.
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More Oh Division Of Re Rules Disciplinary Process Questions
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An Ohio salesperson places a 'For Sale' sign on a listed property. Under Ohio Division rules, the sign must include:
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An Ohio broker operates under the registered business name 'Premier Real Estate Group.' One of his salespersons advertises using the name 'Premium Realty Associates.' The Division would MOST likely consider this: