Fair Housing, Practice, and Disclosures Practice Question
Question
A license applicant is reviewing a practice scenario for the Indiana Real Estate Broker Exam involving market allocation and state agency and disclosure practice. Which statement is the best answer? (Item 94)
Answer choices
- A. The affiliated licensee may handle the matter independently without broker responsibility.
- B. Avoid dividing territories, customers, or property types with competitors 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. Avoid dividing territories, customers, or property types with competitors in a way that fits Indiana exam practice.
Explanation
The correct answer is B because market allocation requires candidates to avoid dividing territories, customers, or property types with competitors. 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: market allocation