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A broker advertised that during the year, his company had $92,000,000 of volume. Upon investigation, his records indicated that he listed $92,000,000 of real estate

A broker advertised that during the year, his company had $92,000,000 of volume. Upon investigation, his records indicated that he listed $92,000,000 of real estate but closed only $27,000,000. This is an example of

  1. untruthful or misleading statements in advertising
  2. puffing
  3. a valid advertisement if the municipality that compromises the market is specified
  4. a felony related to the profession

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