Fair Housing, Practice, and Disclosures Practice Question
Question
An agent compares two similar exam concepts for the Ohio Real Estate Salesperson Exam involving lead-based paint and Ohio Division of Real Estate. Which statement is the best answer? (Item 105)
Answer choices
- A. Apply federal disclosure concepts for pre-1978 residential housing in a way that fits Ohio exam practice.
- B. The requirement matters only when the buyer obtains institutional financing.
- C. The affiliated licensee may handle the matter independently without broker responsibility.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
Correct Answer
A. Apply federal disclosure concepts for pre-1978 residential housing in a way that fits Ohio exam practice.
Explanation
The correct answer is A because lead-based paint requires candidates to apply federal disclosure concepts for pre-1978 residential housing. 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: Fair Housing, Practice, and Disclosures
- Objective: lead-based paint