Fair Housing, Practice, and Disclosures Practice Question
Question
A closing coordinator flags an issue before settlement for the Indiana Real Estate Broker Exam involving market allocation and broker affiliation and supervision. Which response best applies the rule? (Item 30)
Answer choices
- A. The requirement matters only when the buyer obtains institutional financing.
- B. Avoid dividing territories, customers, or property types with competitors in a way that fits Indiana exam practice.
- C. The affiliated licensee may handle the matter independently without broker responsibility.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
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