Contracts, Finance, and Transfer Practice Question
Question
A closing coordinator flags an issue before settlement for the Utah Real Estate Sales Agent Exam involving listing agreement and Utah Division of Real Estate. Which statement is most accurate for exam purposes? (Item 3)
Answer choices
- A. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
- B. A verbal understanding always replaces a written real estate requirement.
- C. Identify broker employment terms, compensation, property description, and authorization in a way that fits Utah exam practice.
- D. The safest practice is to avoid written documentation so fewer questions are raised later.
Correct Answer
C. Identify broker employment terms, compensation, property description, and authorization in a way that fits Utah exam practice.
Explanation
The correct answer is C because listing agreement requires candidates to identify broker employment terms, compensation, property description, and authorization. The Utah 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: Contracts, Finance, and Transfer
- Objective: listing agreement