Contracts, Finance, and Transfer Practice Question
Question
A supervising broker is reviewing a transaction file for the Oregon Real Estate Broker Exam involving exclusive right to sell and Oregon Real Estate Agency. Which statement is the best answer? (Item 58)
Answer choices
- A. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- B. Recognize a listing that generally earns commission if the property sells during the listing term in a way that fits Oregon exam practice.
- C. The requirement matters only when the buyer obtains institutional financing.
- D. The affiliated licensee may handle the matter independently without broker responsibility.
Correct Answer
B. Recognize a listing that generally earns commission if the property sells during the listing term in a way that fits Oregon exam practice.
Explanation
The correct answer is B because exclusive right to sell requires candidates to recognize a listing that generally earns commission if the property sells during the listing term. 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: Contracts, Finance, and Transfer
- Objective: exclusive right to sell