Practice and Disclosures Practice Question
Question
A broker reviews a transaction file with a new salesperson in a Nevada real estate transaction involving fair housing. What should the licensee understand? (Item 246)
Answer choices
- A. The broker may mix client funds with business funds if the amount is small and later reconciled.
- B. Recognize protected classes and prohibited discriminatory practices.
- C. The issue can be ignored if both parties want the transaction to close quickly.
- D. The rule applies only to commercial property and never to residential property.
Correct Answer
B. Recognize protected classes and prohibited discriminatory practices.
Explanation
The correct answer is B because fair housing requires candidates to recognize protected classes and prohibited discriminatory practices. 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: Practice and Disclosures
- Objective: fair housing