Contracts, Finance, and Transfer Practice Question
Question
A closing coordinator flags an issue before settlement for the Massachusetts Real Estate Salesperson Exam involving deed types and broker-salesperson supervision. Which answer best reduces risk? (Item 194)
Answer choices
- A. The safest practice is to avoid written documentation so fewer questions are raised later.
- B. Distinguish warranty, grant, special warranty, and quitclaim concepts at a high level in a way that fits Massachusetts exam practice.
- C. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
- D. A verbal understanding always replaces a written real estate requirement.
Correct Answer
B. Distinguish warranty, grant, special warranty, and quitclaim concepts at a high level in a way that fits Massachusetts exam practice.
Explanation
The correct answer is B because deed types requires candidates to distinguish warranty, grant, special warranty, and quitclaim concepts at a high level. 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: medium
- Domain: Contracts, Finance, and Transfer
- Objective: deed types