Agency and License Law Practice Question
Question
An agent compares two similar exam concepts for the Tennessee Affiliate Broker Exam involving broker supervision and affiliate broker supervision. What should the licensee understand? (Item 20)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- C. The client’s preference eliminates the need to disclose known material facts.
- D. Recognize responsible broker oversight of affiliated licensees in a way that fits Tennessee exam practice.
Correct Answer
D. Recognize responsible broker oversight of affiliated licensees in a way that fits Tennessee exam practice.
Explanation
The correct answer is D because broker supervision requires candidates to recognize responsible broker oversight of affiliated licensees. 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: hard
- Domain: Agency and License Law
- Objective: broker supervision