Agency and License Law Practice Question
Question
A seller is preparing to list a home for the Washington Real Estate Broker Exam involving record retention and Washington broker licensing structure. Which answer best reduces risk? (Item 123)
Answer choices
- A. The client’s preference eliminates the need to disclose known material facts.
- B. The party who complains first automatically receives the remedy requested.
- C. Understand transaction records must be maintained for required periods in a way that fits Washington exam practice.
- D. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
Correct Answer
C. Understand transaction records must be maintained for required periods in a way that fits Washington exam practice.
Explanation
The correct answer is C because record retention requires candidates to understand transaction records must be maintained for required periods. The Washington 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: Agency and License Law
- Objective: record retention