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Updated almost 10 years ago on . Most recent reply

User Stats

83
Posts
25
Votes
Michael King
  • Real Estate Agent
  • Fitchburg, MA
25
Votes |
83
Posts

Is broker information required on car magnets?

Michael King
  • Real Estate Agent
  • Fitchburg, MA
Posted

Hi everyone!

I am a licensed real estate agent in Massachusetts. I am pretty sure I know the answer to this question, but signs and advertisements require that we list our brokers information somewhere on the sign. An example of my standard disclosure is listed below:

Michael King is a licensed real estate agent (license # blah blah blah) with Blah Blah Realty. 500 blah blah street, Leominster, MA 01453. (978) 555-5555.

I am ordering car magnets for my investing business. They say:

Need to sell your house fast?

We buy houses!!!

Call:

(978) 555-5555 Ext. 555

24 Hour Recorded Message

www.blahblahblah.com

Blah Blah Investments

Do I need to put the broker disclosure at the bottom of the magnets? I am planning on putting it but would rather leave my own name off the magnets. Or does anyone have an example of a broker disclosure that has the broker's name but not the agent's?

    Thanks,

                 Mike

Most Popular Reply

User Stats

45
Posts
11
Votes
James Loisou
  • Middleton, MA
11
Votes |
45
Posts
James Loisou
  • Middleton, MA
Replied

It sounds like you are well aware of: 

254 CMR 3.00: Professional Standards of Practice

"9) Advertising. A broker shall not advertise in any way that is false or misleading.

That being said, if your investment company is a separate legal entity such as an llc or inc., then could there be an argument that your investment company is holding out the "We buy houses for cash" signs and then the investment company hired you as the realtor to eventually service the transaction? I suppose it depends on how you have structured and maintained your company, as well as if there is any applicable case law or precedent. Also, just curious if your broker is ok with you putting his or her information on your investment company's signs?

Also, nice job with your website, it looks solid.

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