Final answer:
Besides REBBA, advertising is regulated by several statutes and regulations including those by the FDA for prescription drugs, and the FTC for over-the-counter drugs and general product claims. These regulations ensure accurate information, especially where material claims are made, and cover various industries from tobacco to airline pricing.
Step-by-step explanation:
Regulation of advertising is not limited to the Real Estate and Business Brokers Act (REBBA); there are several other statutes and regulations that help maintain fair practices in advertising across different industries. For example, the Food and Drug Administration (FDA) plays a crucial role in overseeing advertising for prescription drugs, ensuring that promotion is accurate and not misleading. The FDA's Office of Prescription Drug Promotion conducts surveillance activities and can issue enforcement letters to non-compliant pharmaceutical manufacturers.
Additionally, the Federal Trade Commission (FTC) regulates advertising for over-the-counter drugs. It allows certain leeways in advertising concerning the portrayal of a product's general appeal but insists that any factual claims made must be substantiated and true, to avoid deceiving consumers. Moreover, the FTC's regulations are designed to prevent advertisers from benefiting from imperfect information.
Other specific areas where regulations apply include the requirement for truthful labeling of food and beverage nutritional information, tobacco product warning labels, airline ticket pricing inclusive of all taxes and fees, and the promotion of legal services by attorneys. Furthermore, political advertising is subject to statutes and rules to ensure fairness, such as the requirement for equal opportunities for candidates, as well as limitations on political contributions and funding disclosures.