Property Ownership and Land Use Practice Question
Question
An escrow officer requests clarification from the broker involving community property. Which response best protects the client and keeps the transaction compliant? (Item 45)
Answer choices
- A. Recognize California marital property principles and spousal ownership implications.
- B. It removes the need for written disclosure if the licensee believes the client already knows.
- C. It can be ignored if the transaction is expected to close quickly.
- D. It requires the licensee to favor the other party over the licensee’s own client.
Correct Answer
A. Recognize California marital property principles and spousal ownership implications.
Explanation
The correct answer is A because community property requires candidates to recognize California marital property principles and spousal ownership implications. 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: Property Ownership and Land Use
- Objective: community property