Principles, Property, and Land Use Practice Question

Question

A salesperson notices a possible compliance problem for the Tennessee Affiliate Broker Exam involving sales comparison approach and Tennessee Real Estate Commission. Which statement is the best answer? (Item 76)

Answer choices

1. A. The safest practice is to avoid written documentation so fewer questions are raised later.
2. B. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
3. C. A verbal understanding always replaces a written real estate requirement.
4. D. Use comparable sales adjustments for residential valuation in a way that fits Tennessee exam practice.

Correct Answer

D. Use comparable sales adjustments for residential valuation in a way that fits Tennessee exam practice.

Explanation

The correct answer is D because sales comparison approach requires candidates to use comparable sales adjustments for residential valuation. 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: Principles, Property, and Land Use
• Objective: sales comparison approach

Practice more

Start Principles, Property, and Land Use practice

Back to Principles, Property, and Land Use