Contracts, Finance, and Transfer Practice Question
Question
A seller is preparing to list a home for the Ohio Real Estate Salesperson Exam involving breach and agency disclosure and brokerage relationship practice. Which statement is most accurate for exam purposes? (Item 29)
Answer choices
- A. Identify nonperformance and available contractual remedies 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 nonperformance and available contractual remedies in a way that fits Ohio exam practice.
Explanation
The correct answer is A because breach requires candidates to identify nonperformance and available contractual remedies. 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: breach