Kovats Real Estate School Practice Test

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When advertising in a local newspaper, a real estate broker must specify what?

The selling price
The type of property
The municipality within which the property is located
The listing agent's contact information

The correct answer is: The municipality within which the property is located

Specifying the municipality within which the property is located is essential for clarity and legal compliance when advertising real estate. This information not only helps potential buyers understand the geographic context of the property but also ensures that they are aware of the local laws, regulations, and potential zoning issues that could affect their purchase. Including the municipality can effectively filter interested parties who are specifically looking to buy in a particular area, thereby attracting more relevant inquiries. While the selling price, type of property, and listing agent's contact information are all valuable details for an advertisement, the requirement to specify the municipality often relates to legal advertising standards. This ensures transparency and helps potential buyers make informed decisions.