Practice, Math, and Disclosures Practice Question
Question
A buyer and seller disagree about a closing issue in a Florida real estate transaction involving environmental hazards. Which statement is most accurate for exam purposes? (Item 224)
Answer choices
- A. The rule applies only to commercial property and never to residential property.
- B. The broker may mix client funds with business funds if the amount is small and later reconciled.
- C. The issue can be ignored if both parties want the transaction to close quickly.
- D. Recognize radon, mold, asbestos, wetlands, and contamination disclosure concerns.
Correct Answer
D. Recognize radon, mold, asbestos, wetlands, and contamination disclosure concerns.
Explanation
The correct answer is D because environmental hazards requires candidates to recognize radon, mold, asbestos, wetlands, and contamination disclosure concerns. 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: environmental hazards