Real Estate Principles Practice Question
Question
A property owner asks how a rule affects marketability in a Florida real estate transaction involving leases. Which statement is most accurate for exam purposes? (Item 119)
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. Distinguish lease types, tenant obligations, and landlord duties.
- D. The issue can be ignored if both parties want the transaction to close quickly.
Correct Answer
C. Distinguish lease types, tenant obligations, and landlord duties.
Explanation
The correct answer is C because leases requires candidates to distinguish lease types, tenant obligations, and landlord duties. 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: leases