Fair Housing and Disclosures Practice Question
Question
A buyer and seller disagree about a closing issue in a New York real estate transaction involving blockbusting. Which answer best reduces transaction risk? (Item 112)
Answer choices
- A. The issue can be ignored if both parties want the transaction to close quickly.
- B. The rule applies only to commercial property and never to residential property.
- C. The broker may mix client funds with business funds if the amount is small and later reconciled.
- D. Recognize unlawful inducement based on protected-class neighborhood change fears.
Correct Answer
D. Recognize unlawful inducement based on protected-class neighborhood change fears.
Explanation
The correct answer is D because blockbusting requires candidates to recognize unlawful inducement based on protected-class neighborhood change fears. 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: hard
- Domain: Fair Housing and Disclosures
- Objective: blockbusting