Fair Housing, Practice, and Disclosures Practice Question
Question
A client asks whether a fact should be disclosed for the Michigan Real Estate Salesperson Exam involving seller property disclosure and agency and trust-money compliance. Which statement is the best answer? (Item 90)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Recognize disclosure of known material property conditions in a way that fits Michigan exam practice.
- C. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
B. Recognize disclosure of known material property conditions in a way that fits Michigan exam practice.
Explanation
The correct answer is B because seller property disclosure requires candidates to recognize disclosure of known material property conditions. 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: medium
- Domain: Fair Housing, Practice, and Disclosures
- Objective: seller property disclosure