Agency and License Law Practice Question
Question
A closing coordinator flags an issue before settlement for the Oregon Real Estate Broker Exam involving license renewal and Oregon Real Estate Agency. Which statement is the best answer? (Item 71)
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. Identify continuing education and renewal compliance duties in a way that fits Oregon exam practice.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
C. Identify continuing education and renewal compliance duties in a way that fits Oregon exam practice.
Explanation
The correct answer is C because license renewal requires candidates to identify continuing education and renewal compliance duties. 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 renewal