Contracts, Finance, and Transfer Practice Question
Question
A license applicant is reviewing a practice scenario for the Ohio Real Estate Salesperson Exam involving listing agreement and state-specific license supervision. Which answer best reduces risk? (Item 147)
Answer choices
- A. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
- B. A verbal understanding always replaces a written real estate requirement.
- C. Identify broker employment terms, compensation, property description, and authorization in a way that fits Ohio exam practice.
- D. The safest practice is to avoid written documentation so fewer questions are raised later.
Correct Answer
C. Identify broker employment terms, compensation, property description, and authorization in a way that fits Ohio exam practice.
Explanation
The correct answer is C because listing agreement requires candidates to identify broker employment terms, compensation, property description, and authorization. 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: Contracts, Finance, and Transfer
- Objective: listing agreement