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Ted, a licensed real estate broker, places an advertisement in the local newspaper offering anyone who lists their property for sale with him in the month of July will receive $500 cash on the spot and one entry into a lottery for a chance to win a cruise. Which statement regarding this advertising is true?

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Ted, a licensed real estate broker, places an advertisement in the local newspaper offering anyone who lists their property for sale with him in the month of July will receive $500 cash on the spot and one entry into a lottery for a chance to win a cruise. Which statement regarding this advertising is true?





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