Fair Housing, Practice, and Disclosures Practice Question
Question
An agent compares two similar exam concepts for the Pennsylvania Real Estate Salesperson Exam involving lead-based paint and Pennsylvania Real Estate Commission. What should the licensee understand? (Item 57)
Answer choices
- A. Apply federal disclosure concepts for pre-1978 residential housing in a way that fits Pennsylvania exam practice.
- B. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- C. The requirement matters only when the buyer obtains institutional financing.
- D. The affiliated licensee may handle the matter independently without broker responsibility.
Correct Answer
A. Apply federal disclosure concepts for pre-1978 residential housing in a way that fits Pennsylvania exam practice.
Explanation
The correct answer is A because lead-based paint requires candidates to apply federal disclosure concepts for pre-1978 residential housing. 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: Fair Housing, Practice, and Disclosures
- Objective: lead-based paint