Oregon Real Estate Practice Test

What happens if a principal broker has not reviewed a licensee's advertising for their own property?

1. The advertising must be stopped immediately

2. It can be published without penalties

3. Only if approved by the listing agent

4. It depends on the type of property

The correct answer is: It can be published without penalties

The correct answer indicates that if a principal broker has not reviewed a licensee's advertising for their own property, such advertising can be published without penalties. In real estate practice, while it is ideal for the principal broker to review all advertising to ensure compliance with state laws and regulations, there is a lack of mandatory penalties for failing to do so, especially regarding a licensee advertising their own property. This flexibility allows agents some leeway in marketing their own listings without immediate consequences, as long as they adhere to the general rules of ethical marketing and legal standards. Understanding this principle reflects the ongoing responsibility of agents to act ethically and responsibly in all advertising efforts, even when a principal broker is not involved in reviewing their materials. It highlights the importance of professional accountability while acknowledging the autonomy that licensees have regarding their own properties.