Contracts, Finance, and Transfer Practice Question
Question
A closing coordinator flags an issue before settlement for the Oregon Real Estate Broker Exam involving recording and seller property disclosure awareness. Which statement is most accurate for exam purposes? (Item 51)
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. Recognize constructive notice and priority effects of recording in a way that fits Oregon exam practice.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
C. Recognize constructive notice and priority effects of recording in a way that fits Oregon exam practice.
Explanation
The correct answer is C because recording requires candidates to recognize constructive notice and priority effects of recording. 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: recording