Agency and License Law Practice Question
Question
A buyer asks a licensee for an exam-focused explanation for the Virginia Real Estate Salesperson Exam involving commission payment and property owner association disclosure awareness. Which response best applies the rule? (Item 104)
Answer choices
- A. The requirement matters only when the buyer obtains institutional financing.
- B. The affiliated licensee may handle the matter independently without broker responsibility.
- C. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- D. Recognize that affiliated licensees are usually paid through their broker in a way that fits Virginia exam practice.
Correct Answer
D. Recognize that affiliated licensees are usually paid through their broker in a way that fits Virginia exam practice.
Explanation
The correct answer is D because commission payment requires candidates to recognize that affiliated licensees are usually paid through their broker. 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: hard
- Domain: Agency and License Law
- Objective: commission payment