Principles, Property, and Land Use Practice Question

Question

A property manager asks how a rule affects a rental property for the Tennessee Affiliate Broker Exam involving easements and affiliate broker supervision. Which statement is the best answer? (Item 27)

Answer choices

1. A. The rule applies only to commercial transactions and never to residential transactions.
2. B. Client funds may be mixed with business funds if the broker reconciles the account later.
3. C. Identify rights to use another parcel and how they burden or benefit property in a way that fits Tennessee exam practice.
4. D. The issue can be ignored if the parties want to close quickly.

Correct Answer

C. Identify rights to use another parcel and how they burden or benefit property in a way that fits Tennessee exam practice.

Explanation

The correct answer is C because easements requires candidates to identify rights to use another parcel and how they burden or benefit property. 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: Principles, Property, and Land Use
• Objective: easements

Practice more

Start Principles, Property, and Land Use practice

Back to Principles, Property, and Land Use