Agency and License Law Practice Question
Question
A property manager asks how a rule affects a rental property for the Virginia Real Estate Salesperson Exam involving advertising compliance and Virginia Real Estate Board. Which statement is most accurate for exam purposes? (Item 118)
Answer choices
- A. The issue can be ignored if the parties want to close quickly.
- B. Avoid misleading ads and include required brokerage or license identification in a way that fits Virginia exam practice.
- C. The rule applies only to commercial transactions and never to residential transactions.
- D. Client funds may be mixed with business funds if the broker reconciles the account later.
Correct Answer
B. Avoid misleading ads and include required brokerage or license identification in a way that fits Virginia exam practice.
Explanation
The correct answer is B because advertising compliance requires candidates to avoid misleading ads and include required brokerage or license identification. The Virginia 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: Agency and License Law
- Objective: advertising compliance