Agency and License Law Practice Question
Question
A supervising broker is reviewing a transaction file for the Tennessee Affiliate Broker Exam involving license renewal and affiliate broker supervision. Which statement is most accurate for exam purposes? (Item 35)
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. Identify continuing education and renewal compliance duties in a way that fits Tennessee exam practice.
- D. The requirement matters only when the buyer obtains institutional financing.
Correct Answer
C. Identify continuing education and renewal compliance duties in a way that fits Tennessee exam practice.
Explanation
The correct answer is C because license renewal requires candidates to identify continuing education and renewal compliance duties. The Tennessee 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: Agency and License Law
- Objective: license renewal