Contracts, Finance, and Transfer Practice Question
Question
A salesperson notices a possible compliance problem for the Utah Real Estate Sales Agent Exam involving contingencies and Utah Division of Real Estate. Which answer best reduces risk? (Item 61)
Answer choices
- A. Identify conditions that must be satisfied or waived before obligations become final in a way that fits Utah exam practice.
- B. The client’s preference eliminates the need to disclose known material facts.
- C. The party who complains first automatically receives the remedy requested.
- D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
A. Identify conditions that must be satisfied or waived before obligations become final in a way that fits Utah exam practice.
Explanation
The correct answer is A because contingencies requires candidates to identify conditions that must be satisfied or waived before obligations become final. 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: easy
- Domain: Contracts, Finance, and Transfer
- Objective: contingencies