Real Estate Principles Practice Question
Question
A transaction coordinator flags a compliance question in a New York real estate transaction involving legal descriptions. Which answer best reduces transaction risk? (Item 101)
Answer choices
- A. Recognize metes and bounds, lot and block, and survey-based property descriptions.
- B. The party who complains first automatically receives the legal remedy requested.
- C. Escrow automatically assumes all brokerage disclosure and agency duties.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
A. Recognize metes and bounds, lot and block, and survey-based property descriptions.
Explanation
The correct answer is A because legal descriptions requires candidates to recognize metes and bounds, lot and block, and survey-based property descriptions. 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: easy
- Domain: Real Estate Principles
- Objective: legal descriptions