Agency and License Law Practice Question
Question
A closing coordinator flags an issue before settlement for the Ohio Real Estate Salesperson Exam involving fiduciary disclosure and Ohio Division of Real Estate. What should the licensee understand? (Item 113)
Answer choices
- A. Tell the client material information relevant to the representation in a way that fits Ohio exam practice.
- B. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- C. The client’s preference eliminates the need to disclose known material facts.
- D. The party who complains first automatically receives the remedy requested.
Correct Answer
A. Tell the client material information relevant to the representation in a way that fits Ohio exam practice.
Explanation
The correct answer is A because fiduciary disclosure requires candidates to tell the client material information relevant to the representation. 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: easy
- Domain: Agency and License Law
- Objective: fiduciary disclosure