Difficulty: Medium

Average Score: 50%

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 without being listed with a broker, it is required to disclose the owner's status as a licensee in any advertising. This requirement ensures transparency and helps potential buyers understand that the seller has a professional background in real estate, which may influence the transaction.

A (be priced competitively) YOUR ANSWER

While pricing a property competitively is important for attracting buyers, it is not a legal requirement for licensee-owned properties that are not listed with a broker. The focus of the regulations is on disclosure rather than pricing strategy, making this option incorrect.

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

This choice is also incorrect because there is no requirement for the name of the employing broker to be included in advertising for unlisted properties owned by a licensee. The key legal obligation is to disclose the seller’s status as a licensee, not to reference the broker.

C (include, in any advertising, notice that the owner is a licensee) CORRECT

This choice accurately reflects the legal requirement. When a licensee is selling their own property, they must inform potential buyers of their professional status to maintain transparency and comply with real estate regulations.

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

While it is often advisable to disclose the structural condition of a property, this is not a mandated requirement for licensee-owned properties not listed with a broker. The focus of the regulation is on the licensee's identity, rather than on the condition of the property itself.

Conclusion

In summary, when a licensee-owned property is offered for sale without the involvement of a broker, it is essential to include a notice in advertising that the owner is a licensee. This disclosure promotes transparency and protects consumers by ensuring that they are aware of the seller's professional background in real estate. Other factors, such as pricing, broker identification, and property condition, do not fulfill this specific legal obligation.

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