Leasing License Practice Exam

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What must be included in all advertisements to comply with license act requirements?

The property's square footage
The broker's name, company and contact information
The listing price only
The property's location details

The correct answer is: The broker's name, company and contact information

In order to comply with license act requirements, advertisements must include the broker's name, company, and contact information. This requirement is in place to ensure transparency and to provide potential clients with a way to contact the licensed broker directly. Including a broker's details in advertisements helps maintain professional standards within the industry, allowing the public to verify the legitimacy of the advertisement and facilitating direct communication regarding the property being advertised. The other options, while they may provide useful information about the property, do not fulfill the mandatory requirements set forth by licensing laws. For example, square footage or location specifics might enhance the appeal of an advertisement but are not legally required elements that must be included. Similarly, the listing price is relevant but does not substitute for the essential identification of the broker, who is responsible for the advertisement and the transaction that may follow.