Contracts, Finance, and Transfer Practice Question
Question
An agent compares two similar exam concepts for the Indiana Real Estate Broker Exam involving specific performance and state agency and disclosure practice. Which response best applies the rule? (Item 102)
Answer choices
- A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- B. Recognize a court order requiring contract performance in appropriate cases in a way that fits Indiana exam practice.
- C. The client’s preference eliminates the need to disclose known material facts.
- D. The party who complains first automatically receives the remedy requested.
Correct Answer
B. Recognize a court order requiring contract performance in appropriate cases in a way that fits Indiana exam practice.
Explanation
The correct answer is B because specific performance requires candidates to recognize a court order requiring contract performance in appropriate cases. The Indiana 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: specific performance