Principles, Property, and Land Use Practice Question
Question
A supervising broker is reviewing a transaction file for the Indiana Real Estate Broker Exam involving easements and broker affiliation and supervision. Which statement is the best answer? (Item 27)
Answer choices
- A. The affiliated licensee may handle the matter independently without broker responsibility.
- B. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- C. Identify rights to use another parcel and how they burden or benefit property in a way that fits Indiana exam practice.
- D. The requirement matters only when the buyer obtains institutional financing.
Correct Answer
C. Identify rights to use another parcel and how they burden or benefit property in a way that fits Indiana exam practice.
Explanation
The correct answer is C because easements requires candidates to identify rights to use another parcel and how they burden or benefit property. 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: Principles, Property, and Land Use
- Objective: easements