Fair Housing, Practice, and Disclosures Practice Question
Question
A client asks whether a fact should be disclosed for the Virginia Real Estate Salesperson Exam involving market allocation and agency disclosure and brokerage relationship duties. Which response best applies the rule? (Item 30)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Avoid dividing territories, customers, or property types with competitors in a way that fits Virginia exam practice.
- C. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
B. Avoid dividing territories, customers, or property types with competitors in a way that fits Virginia exam practice.
Explanation
The correct answer is B because market allocation requires candidates to avoid dividing territories, customers, or property types with competitors. 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: market allocation