Principles, Property, and Land Use Practice Question
Question
A supervising broker is reviewing a transaction file for the North Carolina Real Estate Broker Exam involving variance and North Carolina Real Estate Commission. What should the licensee understand? (Item 10)
Answer choices
- A. The rule applies only to commercial transactions and never to residential transactions.
- B. Recognize relief from zoning rules due to property-specific hardship in a way that fits North Carolina exam practice.
- 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
B. Recognize relief from zoning rules due to property-specific hardship in a way that fits North Carolina exam practice.
Explanation
The correct answer is B because variance requires candidates to recognize relief from zoning rules due to property-specific hardship. 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: Principles, Property, and Land Use
- Objective: variance