License Law and Agency Practice Question
Question
A property owner asks how a rule affects marketability in a Nevada real estate transaction involving advertising. Which statement is the best answer? (Item 175)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. The party who complains first automatically receives the legal remedy requested.
- C. Avoid misleading advertising and apply broker/licensee identification concepts.
- D. Escrow automatically assumes all brokerage disclosure and agency duties.
Correct Answer
C. Avoid misleading advertising and apply broker/licensee identification concepts.
Explanation
The correct answer is C because advertising requires candidates to avoid misleading advertising and apply broker/licensee identification concepts. The other options rely on unsafe assumptions about custom, oral agreement, escrow, client preference, or independent salesperson authority and do not reflect sound Nevada exam practice.
Question details
- Difficulty: medium
- Domain: License Law and Agency
- Objective: advertising