License Law and Brokerage Relationships Practice Question
Question
A buyer and seller disagree about a closing issue in a Florida real estate transaction involving agency disclosure. Which answer best reduces transaction risk? (Item 307)
Answer choices
- A. The party who complains first automatically receives the legal remedy requested.
- B. Escrow automatically assumes all brokerage disclosure and agency duties.
- C. Identify when written disclosures are needed for relationship changes or no-brokerage scenarios.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
C. Identify when written disclosures are needed for relationship changes or no-brokerage scenarios.
Explanation
The correct answer is C because agency disclosure requires candidates to identify when written disclosures are needed for relationship changes or no-brokerage scenarios. The other options rely on unsafe assumptions about custom, oral agreement, escrow, client preference, or independent salesperson authority and do not reflect sound Florida exam practice.
Question details
- Difficulty: medium
- Domain: License Law and Brokerage Relationships
- Objective: agency disclosure