Seattle
Hi Ariel
That's a very good question. And to be frank, I haven't the answer. You are correct the rules say you can have your web site listed.
OR
Put the TER banner or badge on the first or second page of your website.
Notice on this TER URL it says
http://theeroticreview.com/site_listing/tips.asp
4. After you submit your site, our system will automatically email you the code to place a "This site reviews at TER" logo on your site. Each person who clicks on this will help your site rank higher in our search engine. Your site will not be listed in the search engine if this logo is not on the front page of your site.
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That's the carrot to getting listed AND using the TER badge they send you.
I will check with staff to see if you can have a site review and not use the badge and get ads approve.
You are correct, it isn't clear.
But it doesn't make sense to me to get a review and not include the TER badge because that way ig gents click thru the badge you rate higer in the TER search engine. 
TMT
hi Hunter!
Great website!
It's awesome and so are you!
Guys. you can't go wrong with Huneter!
BTW Hunter can you add the TER badge to you home page. TER ad rules require it to be on one of the first two pages.
Right now it is just on your links page and I had to dig around for it.
Hi Ariel
That's a very good question. And to be frank, I haven't the answer. You are correct the rules say you can have your web site listed.
OR
Put the TER banner or badge on the first or second page of your website.
Notice on this TER URL it says
http://theeroticreview.com/site_listing/tips.asp
4. After you submit your site, our system will automatically email you the code to place a "This site reviews at TER" logo on your site. Each person who clicks on this will help your site rank higher in our search engine. Your site will not be listed in the search engine if this logo is not on the front page of your site.
----
That's the carrot to getting listed AND using the TER badge they send you.
I will check with staff to see if you can have a site review and not use the badge and get ads approve.
You are correct, it isn't clear.
But it doesn't make sense to me to get a review and not include the TER badge because that way ig gents click thru the badge you rate higer in the TER search engine.
TMT