The bill amends the Occupational Code, specifically section 2512e, to update the requirements for advertisements related to real estate transactions. It mandates that any advertisement by a real estate broker must include the broker's name, contact information, and a statement indicating that the advertiser is a licensed real estate broker. Additionally, licensed real estate brokers or associate brokers are allowed to advertise properties they personally own without including their broker's name, but must affirmatively state their licensing status.

Furthermore, the bill stipulates that real estate salespersons and associate brokers can only advertise under the supervision and business name of their employing broker. Any advertisements must include the employing broker's contact information and business name in a prominent manner. The bill also introduces a requirement for advertisements or listings to include estimated annual property taxes based on the most recent assessment, ensuring transparency for potential buyers or renters regarding tax obligations.

Statutes affected:
House Introduced Bill: 339.2512