Agency and License Law Practice Question
Question
A seller is preparing to list a home for the Ohio Real Estate Salesperson Exam involving accounting and Ohio Division of Real Estate. Which answer best reduces risk? (Item 169)
Answer choices
- A. Properly handle and account for money, documents, and property entrusted to the licensee in a way that fits Ohio exam practice.
- B. The party who complains first automatically receives the remedy requested.
- C. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
A. 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 A 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: easy
- Domain: Agency and License Law
- Objective: accounting