Difficulty: Medium

Average Score: 67%

The offer to sell any licensee-owned property that is NOT listed with a broker MUST:

Rationale

Include, in any advertising, notice that the owner is a licensee.

When a licensee-owned property is offered for sale and is not listed with a broker, it is required by law to include a notice in any advertising that the owner is a licensee. This disclosure is essential for transparency and helps potential buyers understand the relationship of the seller to the real estate industry.

A (be priced competitively) YOUR ANSWER

While pricing a property competitively is important for attracting buyers, it is not a legal requirement for advertising licensee-owned properties not listed with a broker. The focus of legal requirements is primarily on disclosure rather than pricing strategies.

B (mention the name of the licensee's employing broker in any advertising) YOUR ANSWER

This option is misleading because when a property is not listed with a broker, the licensee is not required to mention their employing broker in advertising. This requirement pertains primarily to properties listed with brokers, where the broker's name must be included for legal compliance.

D (include a statement of its structural condition) YOUR ANSWER

While disclosing the structural condition of a property may be beneficial for transparency, it is not mandated by law for licensee-owned properties that are not listed with a broker. The legal requirement focuses specifically on the necessity to disclose the licensee status of the owner, rather than the condition of the property itself.

Conclusion

In summary, when a licensee-owned property is offered for sale without a broker, the law mandates that any advertising must include a notice indicating that the owner is a licensee. This requirement ensures that potential buyers are fully aware of the seller's professional status, fostering transparency in real estate transactions. Other choices, while relevant to property transactions, do not fulfill the specific legal requirement addressed in the question.

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