Principles, Property, and Land Use Practice Question

Question

A closing coordinator flags an issue before settlement for the Pennsylvania Real Estate Salesperson Exam involving market value and Pennsylvania Real Estate Commission. Which response best applies the rule? (Item 195)

Answer choices

1. A. The client’s preference eliminates the need to disclose known material facts.
2. B. The party who complains first automatically receives the remedy requested.
3. C. Identify the probable price under normal market conditions in a way that fits Pennsylvania exam practice.
4. D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.

Correct Answer

C. Identify the probable price under normal market conditions in a way that fits Pennsylvania exam practice.

Explanation

The correct answer is C because market value requires candidates to identify the probable price under normal market conditions. 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: Principles, Property, and Land Use
• Objective: market value

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