Contracts, Finance, and Transfer Practice Question
Question
An agent compares two similar exam concepts for the Washington Real Estate Broker Exam involving breach and Washington broker licensing structure. Which statement is most accurate for exam purposes? (Item 119)
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