Fair Housing, Practice, and Disclosures Practice Question
Question
An agent compares two similar exam concepts for the Ohio Real Estate Salesperson Exam involving antitrust price fixing and agency disclosure and brokerage relationship practice. Which response best applies the rule? (Item 125)
Answer choices
- A. Avoid agreements with competitors about commission rates or fees in a way that fits Ohio exam practice.
- B. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- C. The requirement matters only when the buyer obtains institutional financing.
- D. The affiliated licensee may handle the matter independently without broker responsibility.
Correct Answer
A. Avoid agreements with competitors about commission rates or fees in a way that fits Ohio exam practice.
Explanation
The correct answer is A because antitrust price fixing requires candidates to avoid agreements with competitors about commission rates or fees. 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: antitrust price fixing