Fair Housing, Practice, and Disclosures Practice Question
Question
A salesperson notices a possible compliance problem for the Massachusetts Real Estate Salesperson Exam involving state fair housing and lead paint and consumer disclosure awareness. Which statement is most accurate for exam purposes? (Item 82)
Answer choices
- A. Client funds may be mixed with business funds if the broker reconciles the account later.
- B. Recognize that state protections may be broader than federal minimums in a way that fits Massachusetts exam practice.
- C. The issue can be ignored if the parties want to close quickly.
- D. The rule applies only to commercial transactions and never to residential transactions.
Correct Answer
B. Recognize that state protections may be broader than federal minimums in a way that fits Massachusetts exam practice.
Explanation
The correct answer is B because state fair housing requires candidates to recognize that state protections may be broader than federal minimums. 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: Fair Housing, Practice, and Disclosures
- Objective: state fair housing