Final answer:
Licensees are required to disclose their licensed status on all promotional materials related to real estate. This helps ensure transparency and prevents misleading consumers, akin to laws that require disclosure of nutritional information or warning labels on products.
Step-by-step explanation:
Other than advertisement, licensees are required to disclose their licensed status on all promotional materials for real estate. This requirement is rooted in the general legal principle that businesses must not make false or misleading statements in connection with a commercial transaction. Just as laws might mandate that certain information be provided in food labeling or in advertisements for other products, real estate professionals must also disclose information that is pertinent and truthful to consumers.
For instance, if a real estate advertisement features a photograph of a house for sale, it should not deceptively fail to mention significant negative factors like a landfill or factory nearby, which could materially affect a consumer's decision.