Fair Housing, Practice, and Disclosures Practice Question
Question
A broker is correcting a new licensee’s misunderstanding for the Virginia Real Estate Salesperson Exam involving seller property disclosure and agency disclosure and brokerage relationship duties. What should the licensee understand? (Item 122)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. Recognize disclosure of known material property conditions in a way that fits Virginia exam practice.
- C. The party who complains first automatically receives the remedy requested.
- D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
B. Recognize disclosure of known material property conditions in a way that fits Virginia exam practice.
Explanation
The correct answer is B because seller property disclosure requires candidates to recognize disclosure of known material property conditions. 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: Fair Housing, Practice, and Disclosures
- Objective: seller property disclosure