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2013 SESSION

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HB 724 False advertising; exempts real estate brokers and salespersons from criminal and civil liability.

Introduced by: David E. Yancey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

False advertising; liability of real estate brokers and salespersons; exemption.  Exempts a licensed real estate broker or salesperson from criminal and civil liability for making an advertisement that contains any promise, assertion, representation, or statement of fact that is untrue, deceptive, or misleading if the information was (i) provided to such broker or salesperson by his client; (ii) obtained from a governmental entity; (iii) obtained from a nongovernmental person or entity that obtained the information from a governmental entity; or (iv) obtained from a person licensed, certified, or registered to provide professional services in the Commonwealth, upon which such broker or salesperson relies, and such broker or salesperson did not (a) have actual knowledge that the information was false or (b) act in reckless disregard of the truth.


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