It's correct, and not offensive. Though I wasn't aware Sig Ep had made the top tier.
hm.. Florida.
Sig Ep is not a traditional southern fraternity here, so I can understand your confusion. However, they have been on top for more than a few years, so it's nothing too new.
Don't get started on a "Florida not being a southern state" speech. I hear it way too often, and it gets old fast.
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