Fair Housing, Practice, and Disclosures Practice Question
Question
A seller is preparing to list a home for the Virginia Real Estate Salesperson Exam involving redlining and property owner association disclosure awareness. Which answer best reduces risk? (Item 85)
Answer choices
- A. Recognize discriminatory lending or service denial based on area characteristics in a way that fits Virginia exam practice.
- 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. The affiliated licensee may handle the matter independently without broker responsibility.
Correct Answer
A. Recognize discriminatory lending or service denial based on area characteristics in a way that fits Virginia exam practice.
Explanation
The correct answer is A because redlining requires candidates to recognize discriminatory lending or service denial based on area characteristics. 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: easy
- Domain: Fair Housing, Practice, and Disclosures
- Objective: redlining