Property Ownership and Land Use Practice Question

Question

A property manager is preparing a written response involving water rights. The parties need a practical answer before moving forward. Which answer best applies the rule? (Item 120)

Answer choices

1. A. It is primarily a tax rule with no effect on brokerage practice.
2. B. It removes the need for written disclosure if the licensee believes the client already knows.
3. C. It can be ignored if the transaction is expected to close quickly.
4. D. Recognize California water rights concepts at a high level for riparian and appropriative uses.

Correct Answer

D. Recognize California water rights concepts at a high level for riparian and appropriative uses.

Explanation

The correct answer is D because water rights requires candidates to recognize California water rights concepts at a high level for riparian and appropriative uses. 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: hard
• Domain: Property Ownership and Land Use
• Objective: water rights

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