Principles, Property, and Land Use Practice Question
Question
An agent compares two similar exam concepts for the Massachusetts Real Estate Salesperson Exam involving sales comparison approach and broker-salesperson supervision. Which statement is the best answer? (Item 96)
Answer choices
- A. The safest practice is to avoid written documentation so fewer questions are raised later.
- B. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
- C. A verbal understanding always replaces a written real estate requirement.
- D. Use comparable sales adjustments for residential valuation in a way that fits Massachusetts exam practice.
Correct Answer
D. Use comparable sales adjustments for residential valuation in a way that fits Massachusetts exam practice.
Explanation
The correct answer is D because sales comparison approach requires candidates to use comparable sales adjustments for residential valuation. 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: Principles, Property, and Land Use
- Objective: sales comparison approach