Virginia State Real Estate Exam Practice Question
A licensee lists four 2-bedroom condos priced $80k–$90k. A smaller, less-desirable unit sold last week for $62k. The agent advertises: ‘4 beautiful 2-bedroom townhomes – starting at $62,000.' This ad is ___.
Correct Answer: B
Rationale: Option B is accurate as it highlights the misleading nature of the advertisement. While the phrase "starting at $62,000" is technically true, it implies that the four condos are available at that price, which is not the case. The other options are incorrect for the following reasons:
A suggests that the ad is perfectly acceptable due to the phrase "starting at," which overlooks the potential for consumer deception.
C incorrectly implies that the ad could be seen as acceptable if it mentions properties near that figure, disregarding the misleading context.
D mischaracterizes the ad as illegal bait and switch tactics, which typically involve advertising a product at a low price to lure customers in, only to sell them something more expensive. Here, the ad does not explicitly promote a different product.
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