Agency and License Law Practice Question
Question
An agent compares two similar exam concepts for the Oregon Real Estate Broker Exam involving fiduciary disclosure and broker supervision and disclosure practice. What should the licensee understand? (Item 23)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- C. Tell the client material information relevant to the representation in a way that fits Oregon exam practice.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
C. Tell the client material information relevant to the representation in a way that fits Oregon exam practice.
Explanation
The correct answer is C because fiduciary disclosure requires candidates to tell the client material information relevant to the representation. 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: fiduciary disclosure