Fair Housing, Practice, and Disclosures Practice Question
Question
A salesperson notices a possible compliance problem for the South Carolina Real Estate Salesperson Exam involving antitrust price fixing and South Carolina Real Estate Commission. What should the licensee understand? (Item 61)
Answer choices
- A. Avoid agreements with competitors about commission rates or fees in a way that fits South Carolina exam practice.
- B. The issue can be ignored if the parties want to close quickly.
- C. The rule applies only to commercial transactions and never to residential transactions.
- D. Client funds may be mixed with business funds if the broker reconciles the account later.
Correct Answer
A. Avoid agreements with competitors about commission rates or fees in a way that fits South Carolina exam practice.
Explanation
The correct answer is A because antitrust price fixing requires candidates to avoid agreements with competitors about commission rates or fees. 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: easy
- Domain: Fair Housing, Practice, and Disclosures
- Objective: antitrust price fixing