Agency and License Law Practice Question
Question
A property manager asks how a rule affects a rental property for the Ohio Real Estate Salesperson Exam involving broker supervision and Ohio Division of Real Estate. Which statement is most accurate for exam purposes? (Item 2)
Answer choices
- A. The issue can be ignored if the parties want to close quickly.
- B. Recognize responsible broker oversight of affiliated licensees in a way that fits Ohio exam practice.
- C. The rule applies only to commercial transactions and never to residential transactions.
- D. Client funds may be mixed with business funds if the broker reconciles the account later.
Correct Answer
B. Recognize responsible broker oversight of affiliated licensees in a way that fits Ohio exam practice.
Explanation
The correct answer is B because broker supervision requires candidates to recognize responsible broker oversight of affiliated licensees. 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: broker supervision