Contracts, Finance, and Transfer Practice Question
Question
A license applicant is reviewing a practice scenario for the Massachusetts Real Estate Salesperson Exam involving specific performance and lead paint and consumer disclosure awareness. What should the licensee understand? (Item 48)
Answer choices
- A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- B. The client’s preference eliminates the need to disclose known material facts.
- C. The party who complains first automatically receives the remedy requested.
- D. Recognize a court order requiring contract performance in appropriate cases in a way that fits Massachusetts exam practice.
Correct Answer
D. Recognize a court order requiring contract performance in appropriate cases in a way that fits Massachusetts exam practice.
Explanation
The correct answer is D because specific performance requires candidates to recognize a court order requiring contract performance in appropriate cases. 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: specific performance