Fair Housing, Practice, and Disclosures Practice Question
Question
A seller is preparing to list a home for the North Carolina Real Estate Broker Exam involving antitrust price fixing and provisional broker supervision. Which statement is the best answer? (Item 29)
Answer choices
- A. Avoid agreements with competitors about commission rates or fees 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. Avoid agreements with competitors about commission rates or fees in a way that fits North Carolina exam practice.
Explanation
The correct answer is A because antitrust price fixing requires candidates to avoid agreements with competitors about commission rates or fees. 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: antitrust price fixing