Member Login | Print Page | Contact Us
News & Information: ORRA BrokerWise

New FTC rule may apply to the sale of a real estate brokerage

Friday, March 2, 2012  
Share |

According to Florida REALTORS®, brokerages or brokers who solicit sales associates may need to comply with the Federal Trade Commission’s Business Opportunity Rule (BOR) that became effective on March 1, 2012. BOR requires sellers of business opportunities to provide a one-page disclosure to prospective buyers.

The FTC rule applies only to "sellers of business opportunities,” which in some cases could be a real estate broker or brokerage. The FTC defines a "seller of business opportunities” in the rule, saying it is anyone who:

Read more


ORRA Partners
ORRA would like to thank our Partners for their continuing support.
View the full list of ORRA Partners.