Which of the following real estate advertisements would be exempt from penalties under the FREC rule?

The exemption from penalties under the FREC rule applies to advertisements that contain incorrect spelling. This is because unintentional typographical errors or spelling mistakes are not considered deceptive practices that would mislead consumers or violate real estate regulations. Such minor errors are typically viewed as oversight and are unlikely to affect a consumer's decision-making process regarding a property.

In contrast, offering financing options, using misleading statements, and not disclosing property features could all potentially constitute violations of advertising regulations. These actions can mislead consumers or present information in a way that can cause confusion or false expectations about a property transaction, which is why they would not receive the same leniency as a simple spelling mistake. Thus, incorrect spelling stands out as the only choice that could be considered exempt from penalties under the FREC rule.