Fair Housing, Practice, and Disclosures Practice Question
Question
A property manager asks how a rule affects a rental property for the Arizona Real Estate Salesperson Exam involving material facts and desert-region water and environmental awareness. What should the licensee understand? (Item 139)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Arizona exam practice.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Arizona exam practice.
Explanation
The correct answer is C because material facts requires candidates to disclose known facts affecting value, desirability, or party decision-making. 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: Fair Housing, Practice, and Disclosures
- Objective: material facts