Fair Housing, Practice, and Disclosures Practice Question
Question
A closing coordinator flags an issue before settlement for the Arizona Real Estate Salesperson Exam involving seller property disclosure and desert-region water and environmental awareness. Which statement is the best answer? (Item 90)
Answer choices
- A. The requirement matters only when the buyer obtains institutional financing.
- B. Recognize disclosure of known material property conditions in a way that fits Arizona exam practice.
- C. The affiliated licensee may handle the matter independently without broker responsibility.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
Correct Answer
B. Recognize disclosure of known material property conditions in a way that fits Arizona exam practice.
Explanation
The correct answer is B because seller property disclosure requires candidates to recognize disclosure of known material property conditions. 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: seller property disclosure