Real Estate Principles Practice Question
Question
A license applicant is comparing two similar real estate concepts in a Florida real estate transaction involving title transfer. What should the licensee understand? (Item 154)
Answer choices
- A. Escrow automatically assumes all brokerage disclosure and agency duties.
- B. Identify deeds, title insurance, recording, and closing concepts.
- C. The client’s preference eliminates the need to disclose known material facts.
- D. The party who complains first automatically receives the legal remedy requested.
Correct Answer
B. Identify deeds, title insurance, recording, and closing concepts.
Explanation
The correct answer is B because title transfer requires candidates to identify deeds, title insurance, recording, and closing 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: Real Estate Principles
- Objective: title transfer