Contracts, Finance, and Transfer Practice Question
Question
An agent compares two similar exam concepts for the South Carolina Real Estate Salesperson Exam involving recording and South Carolina Real Estate Commission. Which answer best reduces risk? (Item 15)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. The party who complains first automatically receives the remedy requested.
- C. Recognize constructive notice and priority effects of recording in a way that fits South Carolina exam practice.
- D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
C. Recognize constructive notice and priority effects of recording in a way that fits South Carolina exam practice.
Explanation
The correct answer is C because recording requires candidates to recognize constructive notice and priority effects of recording. The South Carolina 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: recording