Agency and License Law Practice Question
Question
A salesperson notices a possible compliance problem for the Ohio Real Estate Salesperson Exam involving accounting and state-specific license supervision. Which statement is the best answer? (Item 151)
Answer choices
- A. The safest practice is to avoid written documentation so fewer questions are raised later.
- B. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
- C. Properly handle and account for money, documents, and property entrusted to the licensee in a way that fits Ohio exam practice.
- D. A verbal understanding always replaces a written real estate requirement.
Correct Answer
C. Properly handle and account for money, documents, and property entrusted to the licensee in a way that fits Ohio exam practice.
Explanation
The correct answer is C because accounting requires candidates to properly handle and account for money, documents, and property entrusted to the licensee. The Ohio 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: accounting