Principles, Property, and Land Use Practice Question

Question

A seller is preparing to list a home for the Indiana Real Estate Broker Exam involving sales comparison approach and Indiana Real Estate Commission. Which statement is the best answer? (Item 16)

Answer choices

1. A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
2. B. The client’s preference eliminates the need to disclose known material facts.
3. C. The party who complains first automatically receives the remedy requested.
4. D. Use comparable sales adjustments for residential valuation in a way that fits Indiana exam practice.

Correct Answer

D. Use comparable sales adjustments for residential valuation in a way that fits Indiana exam practice.

Explanation

The correct answer is D because sales comparison approach requires candidates to use comparable sales adjustments for residential valuation. 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: hard
• Domain: Principles, Property, and Land Use
• Objective: sales comparison approach

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