Leasing and Property Management Practice Question
Question
A buyer and seller disagree about a transaction term involving gross lease. What should a California real estate licensee understand? (Item 64)
Answer choices
- A. It removes the need for written disclosure if the licensee believes the client already knows.
- B. It can be ignored if the transaction is expected to close quickly.
- C. It requires the licensee to favor the other party over the licensee’s own client.
- D. Distinguish rent that includes most property expenses.
Correct Answer
D. Distinguish rent that includes most property expenses.
Explanation
The correct answer is D because gross lease requires candidates to distinguish rent that includes most property expenses. 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: gross lease