Fair Housing, Practice, and Disclosures Practice Question
Question
A broker is correcting a new licensee’s misunderstanding for the Arizona Real Estate Salesperson Exam involving material facts and Arizona Department of Real Estate. Which response best applies the rule? (Item 203)
Answer choices
- A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- B. The client’s preference eliminates the need to disclose known material facts.
- C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Arizona exam practice.
- D. The party who complains first automatically receives the remedy requested.
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