Tennessee Real Estate License Exam Practice Question
Scenario/Extract:
A licensee has listed a property with the following legal description: "Beginning at an iron pin on the NW corner and running SW 400 feet along the land of Jones to a monument, thence turning and running SE 600 feet along the land now or formerly of Smith to an iron pin, thence turning and running NE 400 feet to an iron pin, thence turning and running NW 600 feet along Green Street back to the point of beginning."
When the licensee advertises the property, how many acres will be specified in the advertisement?
Correct Answer: B
Rationale: The specified acreage in the advertisement must accurately reflect the property size, which is typically rounded to two decimal places for precision. Option B, 5.29 acres, more or less, is the correct choice as it aligns with standard practices for property listings.
Option A (5.16 acres) is too low and does not represent the property accurately. Option C (5.51 acres) and Option D (5.90 acres) are also incorrect as they exceed the actual size. Accurate representation is crucial to avoid misleading potential buyers, making the correct specification essential for ethical advertising.
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