Practice Quiz

Texas Real Estate Exam

Category - Texas

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In a timeshare seminar that was advertised to 10,000 people, the timeshare people did not reveal the minimum attendance required for the prize giveaways. Is this a violation of the Real Estate Law?
  1. No, the Real Estate Law does not regulate advertising for timeshares
  2. Yes, anyone giving away prizes must disclose in advance the minimum attendance required for the giveaways
  3. No, the law specifically allows the seller of the timeshare to surprise the consumer by requiring attendance at a presentation
  4. Yes, unless the prize us in excess of $10,000
Explanation
Answer: B. It is considered deceptive advertising if the ad does not disclose that attendance is required to receive a prize.
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