Agency and License Law Practice Question
Question
A license applicant is reviewing a practice scenario for the Oregon Real Estate Broker Exam involving license-required activity and Oregon Real Estate Agency. Which statement is most accurate for exam purposes? (Item 55)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. The party who complains first automatically receives the remedy requested.
- C. Identify acts requiring a license when performed for compensation in a way that fits Oregon exam practice.
- D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
C. Identify acts requiring a license when performed for compensation in a way that fits Oregon exam practice.
Explanation
The correct answer is C because license-required activity requires candidates to identify acts requiring a license when performed for compensation. 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: license-required activity