Contracts, Finance, and Transfer Practice Question
Question
A license applicant is reviewing a practice scenario for the Arizona Real Estate Salesperson Exam involving specific performance and Arizona Department of Real Estate. Which answer best reduces risk? (Item 174)
Answer choices
- A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- B. Recognize a court order requiring contract performance in appropriate cases in a way that fits Arizona exam practice.
- C. The client’s preference eliminates the need to disclose known material facts.
- D. The party who complains first automatically receives the remedy requested.
Correct Answer
B. Recognize a court order requiring contract performance in appropriate cases in a way that fits Arizona exam practice.
Explanation
The correct answer is B because specific performance requires candidates to recognize a court order requiring contract performance in appropriate cases. The Arizona reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: medium
- Domain: Contracts, Finance, and Transfer
- Objective: specific performance