Contracts, Finance, and Transfer Practice Question
Question
A property manager asks how a rule affects a rental property for the Oregon Real Estate Broker Exam involving inspection contingency and seller property disclosure awareness. Which response best applies the rule? (Item 100)
Answer choices
- A. The issue can be ignored if the parties want to close quickly.
- B. The rule applies only to commercial transactions and never to residential transactions.
- C. Client funds may be mixed with business funds if the broker reconciles the account later.
- D. Recognize buyer investigation rights and repair negotiation concepts in a way that fits Oregon exam practice.
Correct Answer
D. Recognize buyer investigation rights and repair negotiation concepts in a way that fits Oregon exam practice.
Explanation
The correct answer is D because inspection contingency requires candidates to recognize buyer investigation rights and repair negotiation concepts. 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: hard
- Domain: Contracts, Finance, and Transfer
- Objective: inspection contingency