Fair Housing, Practice, and Disclosures Practice Question
Question
A property manager asks how a rule affects a rental property for the Georgia Real Estate Salesperson Exam involving material facts and community association and closing-attorney practice awareness. What should the licensee understand? (Item 139)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Georgia exam practice.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Georgia exam practice.
Explanation
The correct answer is C because material facts requires candidates to disclose known facts affecting value, desirability, or party decision-making. 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: material facts