Agency and License Law Practice Question
Question
A closing coordinator flags an issue before settlement for the Georgia Real Estate Salesperson Exam involving commingling and Georgia Real Estate Commission. Which statement is the best answer? (Item 120)
Answer choices
- A. A verbal understanding always replaces a written real estate requirement.
- B. The safest practice is to avoid written documentation so fewer questions are raised later.
- C. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
- D. Identify improper mixing of client funds and broker funds in a way that fits Georgia exam practice.
Correct Answer
D. Identify improper mixing of client funds and broker funds in a way that fits Georgia exam practice.
Explanation
The correct answer is D because commingling requires candidates to identify improper mixing of client funds and broker funds. The Georgia reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: hard
- Domain: Agency and License Law
- Objective: commingling