Fair Housing, Practice, and Disclosures Practice Question
Question
An agent compares two similar exam concepts for the North Carolina Real Estate Broker Exam involving federal fair housing and provisional broker supervision. Which statement is most accurate for exam purposes? (Item 65)
Answer choices
- A. Recognize protected classes and prohibited discrimination in sale, rental, and financing in a way that fits North Carolina exam practice.
- B. The rule applies only to commercial transactions and never to residential transactions.
- C. Client funds may be mixed with business funds if the broker reconciles the account later.
- D. The issue can be ignored if the parties want to close quickly.
Correct Answer
A. Recognize protected classes and prohibited discrimination in sale, rental, and financing in a way that fits North Carolina exam practice.
Explanation
The correct answer is A because federal fair housing requires candidates to recognize protected classes and prohibited discrimination in sale, rental, and financing. 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: easy
- Domain: Fair Housing, Practice, and Disclosures
- Objective: federal fair housing