Principles, Property, and Land Use Practice Question
Question
A property manager asks how a rule affects a rental property for the Oregon Real Estate Broker Exam involving variance and broker supervision and disclosure practice. What should the licensee understand? (Item 30)
Answer choices
- A. The rule applies only to commercial transactions and never to residential transactions.
- B. Recognize relief from zoning rules due to property-specific hardship in a way that fits Oregon exam practice.
- 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
B. Recognize relief from zoning rules due to property-specific hardship in a way that fits Oregon exam practice.
Explanation
The correct answer is B because variance requires candidates to recognize relief from zoning rules due to property-specific hardship. 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: Principles, Property, and Land Use
- Objective: variance