Real Estate Principles Practice Question
Question
A property owner asks how a rule affects marketability in a Texas real estate transaction involving community property. Which statement is the best answer? (Item 148)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. The party who complains first automatically receives the legal remedy requested.
- C. Escrow automatically assumes all brokerage disclosure and agency duties.
- D. Identify Texas marital property concepts affecting signatures and ownership.
Correct Answer
D. Identify Texas marital property concepts affecting signatures and ownership.
Explanation
The correct answer is D because community property requires candidates to identify Texas marital property concepts affecting signatures and ownership. 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: community property