Contracts, Finance, and Transfer Practice Question
Question
A license applicant is reviewing a practice scenario for the Virginia Real Estate Salesperson Exam involving recording and Virginia Real Estate Board. Which response best applies the rule? (Item 123)
Answer choices
- A. A verbal understanding always replaces a written real estate requirement.
- B. The safest practice is to avoid written documentation so fewer questions are raised later.
- C. Recognize constructive notice and priority effects of recording in a way that fits Virginia exam practice.
- D. A licensee may give legal conclusions instead of recommending qualified legal advice when uncertain.
Correct Answer
C. Recognize constructive notice and priority effects of recording in a way that fits Virginia exam practice.
Explanation
The correct answer is C because recording requires candidates to recognize constructive notice and priority effects of recording. 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: Contracts, Finance, and Transfer
- Objective: recording