Are you Compliant?
Obviously if you are reading this blog you are using Social Networking as part of your business plan and I commend you for it. I think it is a great way to get your knowledge of a community "out there" so potential buyers and sellers can find you.
What you may not know: Your Local Real Estate Commission considers social networking ( Blogging, Pod Casts, etc) to be advertising, and all rules of advertising MUST be followed, and they are NOW monitoring social networking sites to be sure we are being compliant.
For Example: (in NJ)
- Your company name must be in all advertising, and must be larger than your name
- You must have your company phone number or link in your advertising, not just your cell #.
You should all know the rules of the road when it comes to advertising as a Realtor. One point made at NAR's mid year meeting suggested Realtors to pay attention to Article 12 of the Code of Ethics which mentions that you shall be honest and truthful in real estate communications and shall present a true picture in advertising, marketing etc...
- Disclosing that you are a Realtor is essential!
They specifically mention Facebook, Twitter, Linked In, and our beloved Active Rain... So remember when you post that there are rules you MUST abide by!
For NJ agents there is potentially even more fun. The Rumor mill seems to think that the NJ Real Estate Commission is considering a Task Force to monitor this type of technology for compliance.
So we all better double check our profiles and our signatures to be sure we are following the rules.
UPDATE:
Thanks for all the great comments, there seems to be a bit of confusion, Make sure you treat your blogs as an Add you would put in print and be sure it is compliant to your local market. None of us can be experts in all 50 states. I would suggest you put your logo and contact info in all of your blogs as a signature as I did below. That should help keep us in compliance. Also THINK BEFORE YOU TYPE! once you hit submit you cant take it back! and as some one mentioned in the comments bellow, Big Brother is WATCHING US!!!
Have a great week.
Rob
Robert Rauf
Mortgage Banker
www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf
(732)223-1630 x102
Since 1987 I have been helping my clients fulfill their dream of home ownership!
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We are being watched by more than just our peers and our clients. Make sure you are using social networking the RIGHT way!