Fair Housing, Practice, and Disclosures Practice Question
Question
A supervising broker is reviewing a transaction file for the North Carolina Real Estate Broker Exam involving seller property disclosure and material facts and due diligence practice. Which statement is the best answer? (Item 90)
Answer choices
- A. The safest practice is to avoid written documentation so fewer questions are raised later.
- B. Recognize disclosure of known material property conditions in a way that fits North Carolina exam practice.
- C. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
- D. A verbal understanding always replaces a written real estate requirement.
Correct Answer
B. Recognize disclosure of known material property conditions in a way that fits North Carolina exam practice.
Explanation
The correct answer is B because seller property disclosure requires candidates to recognize disclosure of known material property conditions. 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: Fair Housing, Practice, and Disclosures
- Objective: seller property disclosure