Real Estate Principles Practice Question
Question
A property owner asks how a rule affects marketability in a Texas real estate transaction involving valuation. Which statement is most accurate for exam purposes? (Item 176)
Answer choices
- A. The party who complains first automatically receives the legal remedy requested.
- B. Escrow automatically assumes all brokerage disclosure and agency duties.
- C. The client’s preference eliminates the need to disclose known material facts.
- D. Apply market value, appraisal approaches, and value principles.
Correct Answer
D. Apply market value, appraisal approaches, and value principles.
Explanation
The correct answer is D because valuation requires candidates to apply market value, appraisal approaches, and value principles. The other options rely on unsafe assumptions about custom, oral agreement, escrow, client preference, or independent salesperson authority and do not reflect sound Texas exam practice.
Question details
- Difficulty: hard
- Domain: Real Estate Principles
- Objective: valuation