Fair Housing and Practice Practice Question
Question
A listing agent notices a potential compliance issue involving MLS and cooperation. Which statement is the most accurate exam answer? (Item 75)
Answer choices
- A. It makes oral promises enforceable in every real estate transaction.
- B. It is optional whenever both parties verbally agree to proceed.
- C. Recognize fair, nonmisleading cooperation practices without anticompetitive agreements.
- D. It allows a salesperson to act independently of the responsible broker.
Correct Answer
C. Recognize fair, nonmisleading cooperation practices without anticompetitive agreements.
Explanation
The correct answer is C because MLS and cooperation requires candidates to recognize fair, nonmisleading cooperation practices without anticompetitive agreements. 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: medium
- Domain: Fair Housing and Practice
- Objective: MLS and cooperation