Real Estate Principles Practice Question
Question
A seller is preparing to list a residential property in a Florida real estate transaction involving government restrictions. Which answer best reduces transaction risk? (Item 281)
Answer choices
- A. Apply zoning, building codes, taxation, eminent domain, and escheat concepts.
- B. The requirement matters only if the buyer uses lender financing.
- C. The salesperson may handle the matter independently without broker involvement when compensation is expected.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
Correct Answer
A. Apply zoning, building codes, taxation, eminent domain, and escheat concepts.
Explanation
The correct answer is A because government restrictions requires candidates to apply zoning, building codes, taxation, eminent domain, and escheat 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: easy
- Domain: Real Estate Principles
- Objective: government restrictions