Contracts, Finance, and Transfer Practice Question
Question
A license applicant is reviewing a practice scenario for the Georgia Real Estate Salesperson Exam involving inspection contingency and community association and closing-attorney practice awareness. Which statement is the best answer? (Item 154)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. Recognize buyer investigation rights and repair negotiation concepts in a way that fits Georgia exam practice.
- C. The party who complains first automatically receives the remedy requested.
- D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
B. Recognize buyer investigation rights and repair negotiation concepts in a way that fits Georgia exam practice.
Explanation
The correct answer is B because inspection contingency requires candidates to recognize buyer investigation rights and repair negotiation concepts. 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: medium
- Domain: Contracts, Finance, and Transfer
- Objective: inspection contingency