Real Estate Unit 5 Lesson 3

Harassment

What called when you contact the public with unsolicited offers via a multitude of communication vehicles,an in high frequency, even with your buyer's permission fraud, harassment, misrepresentation, panic selling

Any ad or business practice that cautious or is likely to cause injury ola

What does the Federal Trade Commission consider to be an unfair ad Any ad or business practice that causes or is likely to cause injury Any ad that is likely to mislead consumers acting reasonably under the circumstances Any ad that makes the health claim Any ad with a clean that it's difficult to evaluate

Junk fax prevention act of 2005

Which federal act makes it ilegal to send unsolicited commercial solicitations via fax without the recipients permission or an established relationship

Penalties for deceptive or unfair advertising

1. cease and desist order 2. civil penalties, consumer remedies and other monitary remedies 3. correcting advertising, disclosure and other informational remedies

false

A cease and desist penalty means you must file a wrongful act of deception noticed in the local paper true or false

rental listing violations

1. it's not current 2. does not exist 3.It's not available 4. has been described in a false misleading manner

civil penalties, consumer remedies, and other monetary remedies

Civil penalties can range from thousands of dollars to millions of dollars, depending on the nature of the violation. Sometimes advertisers have been ordered to give full or partial refunds to all consumers who bought the product.

they fail to obtain a rental or the information is not current or inaccurate

Clients have up to 30 days to claim a refund if ___

Receipt with required FREC disclosure

Eric has been advertising his services as a rental listing provider; He offers prospective tenants premium listing of Rental properties in the area for a small fee. What must he provide to his client to comply with the law?

True

Eric has to refund 75% of the fee he has collected from that perspective tenant? True or false

false

Eric's day just took a turn for the worse! A prospective tenant has come back to him with the 30 day deadline to seek a refund because she didn't find anything that she liked on the list. Eric felt bad, but he knew the list was good because he had just checked out those listings the day before he provided them. Eric has to refund the entire fee he collected from the perspective tenant? True or false

Face penalties and potentially have his license suspended or revoked

If Eric sells or advertises inaccurate or out of date list to his clients he could___

false

If you receive a cease-and-desist order you must stop running the deceptive ad within 90 days true or false

True

If you receive cease-and-desist order, you may be required to provide substantiation for any claims in future ads true or false

True

If you receive ceaseand desist order, You may be required to periodically report to the FTC about claims made in new ads true or false

first degree misdemeanor; 1000

Is that rental advertising list information's is it current or inaccurate ________ is a in Florida and is punishable by a_____ fine

Immediately

Lot and block realty received a cease and desist order from the FTC due to misleading ads the firm was running. When does the order to become effective 30 days after the issuance 90 days after the issuance and for 120 days total Immediately upon issuance Retroactive from the first date of the published activity

A receipt with a disclosure

Rental companies and brokerages that charge a fee for providing a rental listing information must. give prospective tenants __________ A guarantee that they will find property A list containing at least 10 rental properties A new list if they don't find a property they like within the first 10 days A receipt with a disclosure about refunds with the approved language

Add that makes a health or safety claim

The Federal Trade Commission is concerned with all ad claims but it's most likely to be concerned with______ Ads for products that don't offer any specific value to the consumer Ad making exaggerated claims most reasonable consumers wouldn't believe Any ad that is demonstrably false Ad that makes a health or safety claim or any claim that's difficult for consumer to evaluate

True

The financial penalty for a cease-and-desist order includes fines up to 41,484 per ad per day if you will violate the law in the future true or false

cease and desist order

This requires you to stop running the deceptive ad or engage in the deceptive practice. You may also be required to have substantiation for any claims in future ads, report periodically to that FTC staff with substantiation for any claim in new ads, and pay a fine of 41,484 per day per ad if you violate the law in the future

An MLS listing shows our property as available even though the parties close on transaction three weeks ago

Which of the following items would be considered a truth in advertising violations according to the FTC guidelines An advertisement lists the square footage of the living area ass 3145 feet, which doesn't include storage outbuilding An advertisement state "HVAC unit like new" when in fact the unit is used but has had most of the parts replaced recently An MLS listing shows a property as available even though the parties close on the transaction three weeks ago The licensee's name in an ad is followed by designated realtor. The licensee is a member of NAR

corrective advertising, disclosures and other informational remedies

You may be required to take out new ads to corrective misinformation in the original ad, to notify consumers about deceptive claims in ads, to include specific disclosure in future ads, or to provide other information to consumers.

Brokerage policy manual

You started creating your own advertising. Where can you look for reliable information Brokerage policy manual Copy of other people advertisement Google it your broker friends website