Fair Housing, Practice, and Disclosures Practice Question
Question
An agent compares two similar exam concepts for the South Carolina Real Estate Salesperson Exam involving material facts and agency disclosure and broker supervision. Which answer best reduces risk? (Item 75)
Answer choices
- A. The affiliated licensee may handle the matter independently without broker responsibility.
- B. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits South Carolina exam practice.
- D. The requirement matters only when the buyer obtains institutional financing.
Correct Answer
C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits South Carolina exam practice.
Explanation
The correct answer is C because material facts requires candidates to disclose known facts affecting value, desirability, or party decision-making. 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: Fair Housing, Practice, and Disclosures
- Objective: material facts