Real Estate Principles Practice Question
Question
A supervising broker is correcting a salesperson’s misunderstanding in a Florida real estate transaction involving estates and ownership. Which answer best reduces transaction risk? (Item 38)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. Classify freehold estates, leasehold estates, and ownership forms.
- C. The party who complains first automatically receives the legal remedy requested.
- D. Escrow automatically assumes all brokerage disclosure and agency duties.
Correct Answer
B. Classify freehold estates, leasehold estates, and ownership forms.
Explanation
The correct answer is B because estates and ownership requires candidates to classify freehold estates, leasehold estates, and ownership forms. 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: estates and ownership