Practice and Disclosures Practice Question
Question
A license applicant is comparing two similar real estate concepts in a Nevada real estate transaction involving seller disclosures. What should the licensee understand? (Item 265)
Answer choices
- A. Recognize seller property condition and known material fact disclosure concepts.
- B. Escrow automatically assumes all brokerage disclosure and agency duties.
- C. The client’s preference eliminates the need to disclose known material facts.
- D. The party who complains first automatically receives the legal remedy requested.
Correct Answer
A. Recognize seller property condition and known material fact disclosure concepts.
Explanation
The correct answer is A because seller disclosures requires candidates to recognize seller property condition and known material fact disclosure 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: easy
- Domain: Practice and Disclosures
- Objective: seller disclosures