Agency and License Law Practice Question
Question
An agent compares two similar exam concepts for the Ohio Real Estate Salesperson Exam involving record retention and Ohio Division of Real Estate. Which statement is the best answer? (Item 15)
Answer choices
- A. A verbal understanding always replaces a written real estate requirement.
- B. The safest practice is to avoid written documentation so fewer questions are raised later.
- C. Understand transaction records must be maintained for required periods in a way that fits Ohio exam practice.
- D. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
Correct Answer
C. Understand transaction records must be maintained for required periods in a way that fits Ohio exam practice.
Explanation
The correct answer is C because record retention requires candidates to understand transaction records must be maintained for required periods. 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: record retention