Contracts, Finance, and Transfer Practice Question
Question
A closing coordinator flags an issue before settlement for the Pennsylvania Real Estate Salesperson Exam involving listing agreement and consumer notice concepts. Which response best applies the rule? (Item 75)
Answer choices
- A. The safest practice is to avoid written documentation so fewer questions are raised later.
- B. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
- C. Identify broker employment terms, compensation, property description, and authorization in a way that fits Pennsylvania exam practice.
- D. A verbal understanding always replaces a written real estate requirement.
Correct Answer
C. Identify broker employment terms, compensation, property description, and authorization in a way that fits Pennsylvania exam practice.
Explanation
The correct answer is C because listing agreement requires candidates to identify broker employment terms, compensation, property description, and authorization. The Pennsylvania 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: listing agreement