New York Real Estate Salesperson ExaminationBrokerage and Salesperson ResponsibilitiesEasy
A real estate salesperson in New York is preparing an advertisement for a property. Which of the following is a mandatory disclosure in the advertisement?
- AThe name of the real estate brokerage firm.
- BThe property's exact square footage.
- CThe salesperson's personal phone number.
- DThe commission rate for the sale.
Show answer & explanationAnswer & explanation
Correct answer: A. The name of the real estate brokerage firm.
New York Real Property Law requires that all advertisements by real estate salespersons clearly indicate the name of the brokerage firm they are affiliated with. This ensures transparency and proper identification of the responsible party.
Why the other options are wrong
- B. Exact square footage is important but not a mandatory disclosure in every advertisement.
- C. While a salesperson's number can be included, it is not a mandatory disclosure.
- D. Commission rates are typically negotiated and not required to be disclosed in property advertisements.
Salesperson Advertising Disclosure (NY)
In New York, all real estate advertisements created by a salesperson must clearly state the name of the brokerage firm they are associated with.
- Ensures transparency in advertising.
- Identifies the supervising broker/firm.
- Required by New York Real Property Law.
Memory trick: Always Show Broker's Name When You Advertise.