Contracts, Finance, and Transfer Practice Question
Question
A client asks whether a fact should be disclosed for the Oregon Real Estate Broker Exam involving specific performance and seller property disclosure awareness. Which response best applies the rule? (Item 102)
Answer choices
- A. The affiliated licensee may handle the matter independently without broker responsibility.
- B. Recognize a court order requiring contract performance in appropriate cases in a way that fits Oregon exam practice.
- C. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- D. The requirement matters only when the buyer obtains institutional financing.
Correct Answer
B. Recognize a court order requiring contract performance in appropriate cases in a way that fits Oregon exam practice.
Explanation
The correct answer is B because specific performance requires candidates to recognize a court order requiring contract performance in appropriate cases. 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: specific performance