Real Estate Principles Practice Question
Question
A broker reviews a transaction file with a new salesperson in a Texas real estate transaction involving homestead concepts. Which response best applies the rule? (Item 99)
Answer choices
- A. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- B. The requirement matters only if the buyer uses lender financing.
- C. Recognize Texas homestead protections at a high exam level.
- D. The salesperson may handle the matter independently without broker involvement when compensation is expected.
Correct Answer
C. Recognize Texas homestead protections at a high exam level.
Explanation
The correct answer is C because homestead concepts requires candidates to recognize Texas homestead protections at a high exam level. 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: medium
- Domain: Real Estate Principles
- Objective: homestead concepts