In a real estate sale involving various disclosures, which statement is least likely to be considered fraudulent?

Study for the California Real Estate Broker Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently and effectively for your licensing exam!

The statement about the house being in a great school district is least likely to be considered fraudulent because it is subjective and based on personal opinion or perception rather than concrete facts. Describing a school district as "great" can vary from one person to another, as it often depends on individual priorities, experiences, and values when evaluating schools.

In contrast, the other statements involve verifiable facts about the property. Claiming that the furnace is new or that the basement has previous water issues can be directly validated through inspections or documentation. Misrepresenting these facts could lead to legal consequences for fraud. Similarly, indicating that the lot size is smaller than average is a concrete measurement that can be easily checked against public records. Therefore, the subjective nature of the assessment regarding the school district makes it less likely to be viewed as fraudulent compared to factual statements that can be objectively proven true or false.

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