Q: I am the selling agent on a property that I sold in Mission Viejo CA. Can I advertise it as just sold ?
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A:
Under California law, advertising a property as "just sold" when you are the selling agent may not be accurate unless certain conditions are met. The California Department of Real Estate (DRE) imposes strict regulations on advertising to ensure transparency and prevent misleading representations. Generally, you may advertise a property as "just sold" only if the sale has closed, and the transfer of ownership has been recorded with the county recorder's office.
If you are the selling agent on a property that has closed, and the transfer of ownership has been recorded, you may advertise it as "just sold" without violating California real estate laws. However, it's crucial to ensure that your advertising complies with all applicable laws and regulations, including those governing real estate advertising, to avoid potential disciplinary action or legal consequences.
Before advertising the property as "just sold," it's advisable to verify that all necessary documentation has been completed, and the sale has been finalized. Additionally, you should review any guidelines or requirements set forth by your brokerage firm or the DRE regarding advertising practices to ensure compliance. If you have any uncertainties or questions about your advertising practices, consulting with a real estate attorney or your brokerage's legal department can provide clarity and guidance.
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