When a broker advertises that no down payment is required, what legal requirement must they adhere to?

When a broker advertises that no down payment is required, it is crucial for them to ensure that such a statement is legal. This means they must be in compliance with all relevant laws and regulations governing real estate advertising and lending practices. Misleading claims about financing, such as stating that no down payment is required without proper context or conditions, could be considered deceptive or fraudulent under consumer protection laws.

The broker needs to verify that this claim accurately reflects the actual financing options available and aligns with any applicable lending rules. Therefore, the emphasis on legality is essential to maintain transparency and protect consumers from potential misrepresentation that could lead to misunderstandings or financial harm.

Other options present requirements that are either overly specific or suggest actions that might not be legally necessary in every situation. Therefore, the primary legal obligation revolves around ensuring that the advertising complies with legal standards.