Principles, Property, and Land Use Practice Question

Question

A buyer asks a licensee for an exam-focused explanation for the Michigan Real Estate Salesperson Exam involving fixtures and agency and trust-money compliance. Which response best applies the rule? (Item 114)

Answer choices

1. A. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
2. B. Apply attachment, adaptation, agreement, and intent concepts in a way that fits Michigan exam practice.
3. C. The requirement matters only when the buyer obtains institutional financing.
4. D. The affiliated licensee may handle the matter independently without broker responsibility.

Correct Answer

B. Apply attachment, adaptation, agreement, and intent concepts in a way that fits Michigan exam practice.

Explanation

The correct answer is B because fixtures requires candidates to apply attachment, adaptation, agreement, and intent concepts. 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: Principles, Property, and Land Use
• Objective: fixtures

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