Brokerage Ch. 6

A __ __ is necessary to eliminate the possibility of sending a solicitation letter to a party that has their property listed for sale with another broker

Disclaimer sentence

The effectiveness of a classified ad is best determined by its ability to

Get a response from a prospect

Which best defines a supervising responsibility performed by a principal broker?

A principal broker is responsible to supervise all advertising from his office

What must an inactive licensee do when selling their own property

Active licensees disclosures do not apply

Clients may sue a real estate licensee for damages resulting from deceptive or misleading __ by the licensee

Advertising

How does the Truth in Lending Law affect the advertising of properties for sale ?

All advertising must give accurate information & include full disclosure standards

In regard to advertising, which best describes a brokers responsibilities?

Be truthful & honest in all advertising & include the name of the company

Which statement concerning advertising is true according to Oregon Administrative Rules?

Brokers may advertise their personally owned real property for sale w/o their principal brokers supervision if the property is not listed

What effect does the Unlawful Trade Practices ACT have on advertising?

It regulates deceptive and or misleading advertising

Real estate brokers are acting as agents of the __ showing a listed property occupied by a tenant.

Landlord

One of the greatest risks in the real estate business comes from

Misrepresentation

Which is true regarding open houses?

Some business can be conducted at an open house but is not considered a branch office

A broker must include what in an advertisement offering listed property for sale

The license status & company in which a broker works