Tennessee affiliate broker Melissa works for Crestview Realty. She also operates a licensed property management company, Melissa's Property Solutions LLC, which is separately licensed with TREC. She places an ad for property management services under 'Melissa's Property Solutions LLC' without mentioning Crestview Realty. Under Tennessee TREC advertising rules, this advertisement is:
Correct Answer
B) Compliant if Melissa's Property Solutions LLC is separately and properly licensed with TREC for property management
Tennessee TREC rules allow a licensee to hold multiple licenses or operate under separately licensed entities, provided each entity is properly licensed. If Melissa's Property Solutions LLC holds its own TREC license for property management activities, advertising under that entity's name is permissible without referencing Crestview Realty — because the advertising is for services rendered under the separately licensed entity. Each licensed entity must comply with advertising rules for its own activities, but cross-referencing between separate licensed entities is not required.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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.
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