License Law and Brokerage Relationships Practice Question
Question
A seller is preparing to list a residential property in a Florida real estate transaction involving discipline. What should the licensee understand? (Item 263)
Answer choices
- A. Escrow automatically assumes all brokerage disclosure and agency duties.
- B. The client’s preference eliminates the need to disclose known material facts.
- C. Identify fraud, misrepresentation, concealment, escrow violations, and license-law violations.
- D. The party who complains first automatically receives the legal remedy requested.
Correct Answer
C. Identify fraud, misrepresentation, concealment, escrow violations, and license-law violations.
Explanation
The correct answer is C because discipline requires candidates to identify fraud, misrepresentation, concealment, escrow violations, and license-law violations. 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: discipline