Leasing and Property Management Practice Question
Question
An investor is comparing two properties involving rent control awareness. Which statement best describes rent control awareness? (Item 14)
Answer choices
- A. It is primarily a tax rule with no effect on brokerage practice.
- B. Recognize that local and state rent rules may affect rental practice.
- C. It removes the need for written disclosure if the licensee believes the client already knows.
- D. It can be ignored if the transaction is expected to close quickly.
Correct Answer
B. Recognize that local and state rent rules may affect rental practice.
Explanation
The correct answer is B because rent control awareness requires candidates to recognize that local and state rent rules may affect rental practice. 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: Leasing and Property Management
- Objective: rent control awareness