Fair Housing, Practice, and Disclosures Practice Question
Question
A salesperson notices a possible compliance problem for the Virginia Real Estate Salesperson Exam involving antitrust price fixing and agency disclosure and brokerage relationship duties. Which answer best reduces risk? (Item 77)
Answer choices
- A. Avoid agreements with competitors about commission rates or fees in a way that fits Virginia exam practice.
- B. The requirement matters only when the buyer obtains institutional financing.
- C. The affiliated licensee may handle the matter independently without broker responsibility.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
Correct Answer
A. Avoid agreements with competitors about commission rates or fees in a way that fits Virginia exam practice.
Explanation
The correct answer is A because antitrust price fixing requires candidates to avoid agreements with competitors about commission rates or fees. 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: antitrust price fixing