Fair Housing, Practice, and Disclosures Practice Question
Question
A seller is preparing to list a home for the Oregon Real Estate Broker Exam involving redlining and seller property disclosure awareness. Which statement is the best answer? (Item 37)
Answer choices
- A. Recognize discriminatory lending or service denial based on area characteristics in a way that fits Oregon exam practice.
- 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. The issue can be ignored if the parties want to close quickly.
Correct Answer
A. Recognize discriminatory lending or service denial based on area characteristics in a way that fits Oregon exam practice.
Explanation
The correct answer is A because redlining requires candidates to recognize discriminatory lending or service denial based on area characteristics. 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: easy
- Domain: Fair Housing, Practice, and Disclosures
- Objective: redlining