Practice, Math, and Disclosures Practice Question
Question
A buyer and seller disagree about a closing issue in a Florida real estate transaction involving lead-based paint. Which statement is the best answer? (Item 30)
Answer choices
- A. The salesperson may handle the matter independently without broker involvement when compensation is expected.
- B. Apply federal pre-1978 residential lead disclosure concepts.
- C. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- D. The requirement matters only if the buyer uses lender financing.
Correct Answer
B. Apply federal pre-1978 residential lead disclosure concepts.
Explanation
The correct answer is B because lead-based paint requires candidates to apply federal pre-1978 residential lead disclosure concepts. 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: Practice, Math, and Disclosures
- Objective: lead-based paint