05 Jul New Brokerage Advertising Rules on the Horizon
SB 2212 makes changes to the regulations governing advertising for real estate brokers and sales agents.
It removes the current requirement that the advertiser be identified in each advertisement as a broker or agent and clarifies that an advertisement is misleading if it fails to include the name of the broker, or if it implies that a sales agent is responsible for the operation of a brokerage.
Effective September 1st, the Commission may not require license holders to include the term broker or agent, or a reference to the Commission, or the person’s license number in the person’s advertisement. The change in emphasis regarding these advertising policies highlights the critical importance of proper and timely delivery of the Information About Brokerage Services (IABS) form and the Consumer Protection Notice disclosures.