Fair Housing, Practice, and Disclosures Practice Question
Question
A client asks whether a fact should be disclosed for the Indiana Real Estate Broker Exam involving material facts and Indiana Real Estate Commission. Which statement is most accurate for exam purposes? (Item 11)
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. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Indiana exam practice.
- D. The party who complains first automatically receives the remedy requested.
Correct Answer
C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Indiana 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 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: Fair Housing, Practice, and Disclosures
- Objective: material facts