Agency and License Law Practice Question
Question
A closing coordinator flags an issue before settlement for the Oregon Real Estate Broker Exam involving record retention and seller property disclosure awareness. Which response best applies the rule? (Item 51)
Answer choices
- A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- B. The client’s preference eliminates the need to disclose known material facts.
- C. Understand transaction records must be maintained for required periods in a way that fits Oregon exam practice.
- D. The party who complains first automatically receives the remedy requested.
Correct Answer
C. Understand transaction records must be maintained for required periods in a way that fits Oregon exam practice.
Explanation
The correct answer is C because record retention requires candidates to understand transaction records must be maintained for required periods. The Oregon 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: Agency and License Law
- Objective: record retention