Agency and License Law Practice Question
Question
A client asks whether a fact should be disclosed for the Virginia Real Estate Salesperson Exam involving confidentiality and Virginia Real Estate Board. Which statement is most accurate for exam purposes? (Item 60)
Answer choices
- A. The affiliated licensee may handle the matter independently without broker responsibility.
- B. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- C. The requirement matters only when the buyer obtains institutional financing.
- D. Protect confidential client information unless disclosure is authorized or required in a way that fits Virginia exam practice.
Correct Answer
D. Protect confidential client information unless disclosure is authorized or required in a way that fits Virginia exam practice.
Explanation
The correct answer is D because confidentiality requires candidates to protect confidential client information unless disclosure is authorized or required. 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: confidentiality