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 New York protected classes. Which statement is most accurate for exam purposes? (Item 134)
Answer choices
- A. The requirement matters only if the buyer uses lender financing.
- B. Recognize that state and local fair housing protections may be broader than federal law.
- C. The salesperson may handle the matter independently without broker involvement when compensation is expected.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
Correct Answer
B. Recognize that state and local fair housing protections may be broader than federal law.
Explanation
The correct answer is B because New York protected classes requires candidates to recognize that state and local fair housing protections may be broader than federal law. 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: New York protected classes