Agency Relationships and Disclosures Practice Question
Question
A buyer and seller disagree about a transaction term involving natural hazard disclosure. The parties need a practical answer before moving forward. Which answer best applies the rule? (Item 132)
Answer choices
- A. It is optional whenever both parties verbally agree to proceed.
- B. It allows a salesperson to act independently of the responsible broker.
- C. It shifts all responsibility to escrow and eliminates the broker’s duties.
- D. Identify disclosures about mapped hazards such as flood, fire, seismic, or special assessment zones.
Correct Answer
D. Identify disclosures about mapped hazards such as flood, fire, seismic, or special assessment zones.
Explanation
The correct answer is D because natural hazard disclosure requires candidates to identify disclosures about mapped hazards such as flood, fire, seismic, or special assessment zones. 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: natural hazard disclosure