Practice, Math, and Disclosures Practice Question
Question
A buyer and seller disagree about a closing issue in a Florida real estate transaction involving area calculations. What should the licensee understand? (Item 76)
Answer choices
- A. The issue can be ignored if both parties want the transaction to close quickly.
- B. The rule applies only to commercial property and never to residential property.
- C. The broker may mix client funds with business funds if the amount is small and later reconciled.
- D. Calculate square footage, acreage, and parcel measurements.
Correct Answer
D. Calculate square footage, acreage, and parcel measurements.
Explanation
The correct answer is D because area calculations requires candidates to calculate square footage, acreage, and parcel measurements. 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: hard
- Domain: Practice, Math, and Disclosures
- Objective: area calculations