Contracts, Finance, and Transfer Practice Question
Question
A seller is preparing to list a home for the Massachusetts Real Estate Salesperson Exam involving statute of frauds and broker-salesperson supervision. Which response best applies the rule? (Item 20)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- C. The client’s preference eliminates the need to disclose known material facts.
- D. Recognize that many real estate agreements must be written to be enforceable in a way that fits Massachusetts exam practice.
Correct Answer
D. Recognize that many real estate agreements must be written to be enforceable in a way that fits Massachusetts exam practice.
Explanation
The correct answer is D because statute of frauds requires candidates to recognize that many real estate agreements must be written to be enforceable. The Massachusetts 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: Contracts, Finance, and Transfer
- Objective: statute of frauds