Fair Housing, Practice, and Disclosures Practice Question
Question
A buyer asks a licensee for an exam-focused explanation for the Georgia Real Estate Salesperson Exam involving risk documentation and community association and closing-attorney practice awareness. What should the licensee understand? (Item 95)
Answer choices
- A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- B. The client’s preference eliminates the need to disclose known material facts.
- C. Use written records and timely disclosure to reduce transaction disputes in a way that fits Georgia exam practice.
- D. The party who complains first automatically receives the remedy requested.
Correct Answer
C. Use written records and timely disclosure to reduce transaction disputes in a way that fits Georgia exam practice.
Explanation
The correct answer is C because risk documentation requires candidates to use written records and timely disclosure to reduce transaction disputes. 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: Fair Housing, Practice, and Disclosures
- Objective: risk documentation