Contracts, Finance, and Transfer Practice Question
Question
A salesperson notices a possible compliance problem for the Ohio Real Estate Salesperson Exam involving purchase agreement and state-specific license supervision. Which answer best reduces risk? (Item 41)
Answer choices
- A. Identify essential residential sale terms and buyer/seller obligations 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. Identify essential residential sale terms and buyer/seller obligations in a way that fits Ohio exam practice.
Explanation
The correct answer is A because purchase agreement requires candidates to identify essential residential sale terms and buyer/seller obligations. 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: Contracts, Finance, and Transfer
- Objective: purchase agreement