Fair Housing, Practice, and Disclosures Practice Question
Question
An agent compares two similar exam concepts for the Indiana Real Estate Broker Exam involving state fair housing and state agency and disclosure practice. Which statement is most accurate for exam purposes? (Item 82)
Answer choices
- A. The affiliated licensee may handle the matter independently without broker responsibility.
- B. Recognize that state protections may be broader than federal minimums in a way that fits Indiana exam practice.
- 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
B. Recognize that state protections may be broader than federal minimums in a way that fits Indiana exam practice.
Explanation
The correct answer is B because state fair housing requires candidates to recognize that state protections may be broader than federal minimums. 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: state fair housing