Fair Housing, Practice, and Disclosures Practice Question
Question
A seller is preparing to list a home for the Illinois Real Estate Broker Exam involving redlining and agency disclosure practice. Which answer best reduces risk? (Item 165)
Answer choices
- A. Recognize discriminatory lending or service denial based on area characteristics in a way that fits Illinois exam practice.
- B. The affiliated licensee may handle the matter independently without broker responsibility.
- C. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- D. The requirement matters only when the buyer obtains institutional financing.
Correct Answer
A. Recognize discriminatory lending or service denial based on area characteristics in a way that fits Illinois exam practice.
Explanation
The correct answer is A because redlining requires candidates to recognize discriminatory lending or service denial based on area characteristics. The Illinois 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: easy
- Domain: Fair Housing, Practice, and Disclosures
- Objective: redlining