Contracts, Finance, and Transfer Practice Question
Question
A closing coordinator flags an issue before settlement for the Oregon Real Estate Broker Exam involving breach and Oregon Real Estate Agency. Which response best applies the rule? (Item 11)
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 nonperformance and available contractual remedies 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 nonperformance and available contractual remedies in a way that fits Oregon exam practice.
Explanation
The correct answer is C because breach requires candidates to identify nonperformance and available contractual remedies. 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: breach