Contracts, Finance, and Transfer Practice Question
Question
A seller is preparing to list a home for the Pennsylvania Real Estate Salesperson Exam involving breach and state agreement and disclosure practice. Which response best applies the rule? (Item 101)
Answer choices
- A. Identify nonperformance and available contractual remedies in a way that fits Pennsylvania exam practice.
- B. The client’s preference eliminates the need to disclose known material facts.
- C. The party who complains first automatically receives the remedy requested.
- D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
A. Identify nonperformance and available contractual remedies in a way that fits Pennsylvania exam practice.
Explanation
The correct answer is A because breach requires candidates to identify nonperformance and available contractual remedies. 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: easy
- Domain: Contracts, Finance, and Transfer
- Objective: breach