Free Pennsylvania Real Estate Practice Exam Practice Question
A broker advertises that the sales volume for the last calendar year was $40,000,000. The language in the advertisement implies that:
Correct Answer: A
Rationale: Sales volume typically refers to the total value of closed transactions, meaning that the broker has successfully completed sales that have resulted in actual revenue.
Option B is incorrect because advertising sales volume does not necessarily imply documentation of listings, which may include unsold properties.
Option C is misleading; pending transactions have not yet closed and therefore should not be included in sales volume.
Option D is also incorrect, as the advertisement focuses on sales volume, not the status of escrow accounts, which relate to the financial process after a transaction is completed.
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