Fair Housing, Practice, and Disclosures Practice Question

Question

A seller is preparing to list a home for the Ohio Real Estate Salesperson Exam involving risk documentation and Ohio Division of Real Estate. Which response best applies the rule? (Item 159)

Answer choices

1. A. The rule applies only to commercial transactions and never to residential transactions.
2. B. Client funds may be mixed with business funds if the broker reconciles the account later.
3. C. Use written records and timely disclosure to reduce transaction disputes in a way that fits Ohio exam practice.
4. D. The issue can be ignored if the parties want to close quickly.

Correct Answer

C. Use written records and timely disclosure to reduce transaction disputes in a way that fits Ohio exam practice.

Explanation

The correct answer is C because risk documentation requires candidates to use written records and timely disclosure to reduce transaction disputes. 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: Fair Housing, Practice, and Disclosures
• Objective: risk documentation

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