Agency Relationships and Disclosures Practice Question
Question
A property manager is preparing a written response involving lead-based paint disclosure. What should a California real estate licensee understand? (Item 53)
Answer choices
- A. Recognize federal disclosure duties for pre-1978 housing.
- B. It is valid only when the buyer pays cash and no lender is involved.
- C. It prevents any later disclosure, even when new facts become known.
- D. It applies only to commercial property and never to residential transactions.
Correct Answer
A. Recognize federal disclosure duties for pre-1978 housing.
Explanation
The correct answer is A because lead-based paint disclosure requires candidates to recognize federal disclosure duties for pre-1978 housing. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: easy
- Domain: Agency Relationships and Disclosures
- Objective: lead-based paint disclosure