Agency and License Law Practice Question
Question
A seller is preparing to list a home for the Michigan Real Estate Salesperson Exam involving fiduciary disclosure and seller disclosure practice. Which statement is most accurate for exam purposes? (Item 185)
Answer choices
- A. Tell the client material information relevant to the representation in a way that fits Michigan exam practice.
- 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. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
A. Tell the client material information relevant to the representation in a way that fits Michigan exam practice.
Explanation
The correct answer is A because fiduciary disclosure requires candidates to tell the client material information relevant to the representation. The Michigan 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: easy
- Domain: Agency and License Law
- Objective: fiduciary disclosure