Fair Housing and Disclosures Practice Question
Question
A license applicant is comparing two similar real estate concepts in a New York real estate transaction involving antitrust. Which statement is the best answer? (Item 347)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. The party who complains first automatically receives the legal remedy requested.
- C. Avoid price fixing, market allocation, group boycotts, and tying arrangements.
- D. Escrow automatically assumes all brokerage disclosure and agency duties.
Correct Answer
C. Avoid price fixing, market allocation, group boycotts, and tying arrangements.
Explanation
The correct answer is C because antitrust requires candidates to avoid price fixing, market allocation, group boycotts, and tying arrangements. The other options rely on unsafe assumptions about custom, oral agreement, escrow, client preference, or independent salesperson authority and do not reflect sound New York exam practice.
Question details
- Difficulty: medium
- Domain: Fair Housing and Disclosures
- Objective: antitrust