Real Estate Principles Practice Question
Question
A property owner asks how a rule affects marketability in a Nevada real estate transaction involving legal descriptions. Which answer best reduces transaction risk? (Item 221)
Answer choices
- A. Recognize metes and bounds, lot and block, and survey descriptions.
- B. A licensee may give legal conclusions instead of recommending qualified legal advice when the issue is uncertain.
- C. A verbal understanding always replaces any written requirement in a real estate transaction.
- D. The licensee should avoid documenting the issue to reduce the chance of later questions.
Correct Answer
A. Recognize metes and bounds, lot and block, and survey descriptions.
Explanation
The correct answer is A because legal descriptions requires candidates to recognize metes and bounds, lot and block, and survey descriptions. 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: Real Estate Principles
- Objective: legal descriptions