Fair Housing, Practice, and Disclosures Practice Question
Question
An agent compares two similar exam concepts for the Georgia Real Estate Salesperson Exam involving seller property disclosure and brokerage relationship disclosure. What should the licensee understand? (Item 122)
Answer choices
- A. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- B. Recognize disclosure of known material property conditions in a way that fits Georgia exam practice.
- C. The requirement matters only when the buyer obtains institutional financing.
- D. The affiliated licensee may handle the matter independently without broker responsibility.
Correct Answer
B. Recognize disclosure of known material property conditions in a way that fits Georgia exam practice.
Explanation
The correct answer is B because seller property disclosure requires candidates to recognize disclosure of known material property conditions. 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: seller property disclosure