Virginia salesperson Chen has her license with Metro Realty. She wants to form a team with two other salespersons and advertise as 'The Chen Dream Team.' Under Virginia's advertising regulations, which of the following statements is most accurate regarding this team name advertisement?
Correct Answer
C) Chen may use the team name in advertising, but all advertisements must also include Metro Realty's firm name as registered with VREB
Under 18 VAC 135-20-190, Virginia licensees may use team names in advertising, but all advertisements — including those using a team name — must prominently include the name of the brokerage firm as it is registered with VREB. The team name alone does not satisfy the advertising disclosure requirement; the firm name must appear alongside the team name.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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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