Principles, Property, and Land Use Practice Question
Question
A broker is correcting a new licensee’s misunderstanding for the Indiana Real Estate Broker Exam involving legal descriptions and state agency and disclosure practice. Which statement is the best answer? (Item 53)
Answer choices
- A. Distinguish metes and bounds, lot and block, and survey-based descriptions in a way that fits Indiana exam practice.
- B. The rule applies only to commercial transactions and never to residential transactions.
- C. Client funds may be mixed with business funds if the broker reconciles the account later.
- D. The issue can be ignored if the parties want to close quickly.
Correct Answer
A. Distinguish metes and bounds, lot and block, and survey-based descriptions in a way that fits Indiana exam practice.
Explanation
The correct answer is A because legal descriptions requires candidates to distinguish metes and bounds, lot and block, and survey-based descriptions. 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: easy
- Domain: Principles, Property, and Land Use
- Objective: legal descriptions