Real Estate Principles Practice Question
Question
A broker reviews a transaction file with a new salesperson in a Nevada real estate transaction involving title transfer. Which statement is most accurate for exam purposes? (Item 191)
Answer choices
- A. Escrow automatically assumes all brokerage disclosure and agency duties.
- B. The client’s preference eliminates the need to disclose known material facts.
- C. Understand deeds, title insurance, recording, and escrow concepts.
- D. The party who complains first automatically receives the legal remedy requested.
Correct Answer
C. Understand deeds, title insurance, recording, and escrow concepts.
Explanation
The correct answer is C because title transfer requires candidates to understand deeds, title insurance, recording, and escrow 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: Real Estate Principles
- Objective: title transfer