License Law and Agency Practice Question
Question
A seller is preparing to list a residential property in a Nevada real estate transaction involving dual agency. What should the licensee understand? (Item 282)
Answer choices
- A. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- B. Recognize consent and careful handling requirements when representing more than one side.
- C. The requirement matters only if the buyer uses lender financing.
- D. The salesperson may handle the matter independently without broker involvement when compensation is expected.
Correct Answer
B. Recognize consent and careful handling requirements when representing more than one side.
Explanation
The correct answer is B because dual agency requires candidates to recognize consent and careful handling requirements when representing more than one side. 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: dual agency