Contracts, Finance, and Transfer Practice Question
Question
A salesperson notices a possible compliance problem for the Washington Real Estate Broker Exam involving breach and seller disclosure and environmental awareness. Which statement is the best answer? (Item 155)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- C. Identify nonperformance and available contractual remedies in a way that fits Washington exam practice.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
C. Identify nonperformance and available contractual remedies in a way that fits Washington exam practice.
Explanation
The correct answer is C because breach requires candidates to identify nonperformance and available contractual remedies. 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: Contracts, Finance, and Transfer
- Objective: breach