Fact or Fiction: What Must a List of Recently Sold Homes Include?

 

FACT. Failure to accurately label and disclose which home sales an agent was actually involved in may create a misleading impression, which is illegal under Texas law.

Per TREC, an advertisement must clearly note which homes the agent was involved in the sale of or indicate the agent was not involved in any of the sales. An ad is misleading if the average person could reasonably infer agent involvement in a sale where there is none.

The NAR Code of Ethics goes a bit further and states that only REALTORS® who participated in the transaction may claim to have “sold” the property.

Keep in mind that brokers are responsible for ensuring that their sponsored agents’ advertising complies with TREC’s advertising rules.

HillCoGroup - Danielle Crain, REALTOR | Certified Mentor

HillCoGroup - Danielle Crain, REALTOR | Certified Mentor

Uniting a passion with a career, serving the people of Central & South Texas with all of their real estate needs, every step of the way. Every day is an opportunity to build relationships that allow us to better serve our clients in an effort to provide them a desirable, seamless transaction - on both the purchase and sale sides!

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Texas law requires all real estate license holders to provide the Texas Real Estate Commission Information About Brokerage Services and Consumer Protection Notice to all prospective clients.

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