75. A recently widowed farm owner has called a broker to list a one-acre building site in order to raise the money to pay the property taxes. How should the broker proceed
Answer: D
Contact the municipality to determine if this is possible, and then have a surveyor prepare the description.
The broker should first contact the municipality to understand the regulations regarding the sale of a portion of the land. After confirming the legality of the sale, the broker can then have a surveyor prepare the legal description of the property for marketing.
A) Pace off the land, put markers on the corners, and advertise the building site for sale
This option is incorrect because simply pacing off the land and marking corners does not ensure compliance with local regulations. Without verifying if selling a portion of the land is allowed, the broker risks legal issues that could arise from an unauthorized sale.
B) Draw up the legal description of the property, list it, and begin the marketing campaign
While this option seems proactive, it is incorrect because it neglects the crucial first step of checking with the municipality regarding the legalities of selling part of the land. Proceeding without this information could lead to complications and potential legal ramifications.
C) Refuse the assignment, as one cannot divide and sell a portion of one's land without selling all of it
This choice is also incorrect. While there may be restrictions on subdividing land, the broker should first investigate the possibility of selling a portion before outright refusing the assignment. It is essential to verify the regulations rather than assume they prevent any sale.
D) Contact the municipality to determine if this is possible, and then have a surveyor prepare the description
This is the correct approach, as it involves checking local regulations to ensure the sale of a portion of the land is permissible. After confirming the legality, having a surveyor prepare the legal description is the next logical step to facilitate the sale.
Conclusion
Option D is the most appropriate course of action as it ensures compliance with local laws before proceeding with the sale. The other options fail to adequately address the need for legal verification, potentially leading to serious consequences for both the broker and the seller. Thus, option D not only prioritizes legality but also sets the stage for a successful transaction.