Agency and License Law Practice Question
Question
A property manager asks how a rule affects a rental property for the North Carolina Real Estate Broker Exam involving consumer complaints and North Carolina Real Estate Commission. Which statement is the best answer? (Item 72)
Answer choices
- A. Client funds may be mixed with business funds if the broker reconciles the account later.
- B. The issue can be ignored if the parties want to close quickly.
- C. The rule applies only to commercial transactions and never to residential transactions.
- D. Recognize the role of the state regulator in complaint handling and enforcement in a way that fits North Carolina exam practice.
Correct Answer
D. Recognize the role of the state regulator in complaint handling and enforcement in a way that fits North Carolina exam practice.
Explanation
The correct answer is D because consumer complaints requires candidates to recognize the role of the state regulator in complaint handling and enforcement. The North Carolina reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: hard
- Domain: Agency and License Law
- Objective: consumer complaints