Fair Housing and Disclosures Practice Question
Question
A buyer asks a licensee for an exam-focused explanation in a New York real estate transaction involving antitrust. Which answer best reduces transaction risk? (Item 335)
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