Agency and License Law Practice Question
Question
An agent compares two similar exam concepts for the North Carolina Real Estate Broker Exam involving license renewal and provisional broker supervision. Which statement is most accurate for exam purposes? (Item 35)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. The party who complains first automatically receives the remedy requested.
- C. Identify continuing education and renewal compliance duties in a way that fits North Carolina exam practice.
- D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
C. Identify continuing education and renewal compliance duties in a way that fits North Carolina exam practice.
Explanation
The correct answer is C because license renewal requires candidates to identify continuing education and renewal compliance duties. 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: medium
- Domain: Agency and License Law
- Objective: license renewal