Contracts, Finance, and Transfer Practice Question
Question
A client asks whether a fact should be disclosed for the Washington Real Estate Broker Exam involving exclusive right to sell and Washington broker licensing structure. Which statement is the best answer? (Item 58)
Answer choices
- A. The requirement matters only when the buyer obtains institutional financing.
- B. Recognize a listing that generally earns commission if the property sells during the listing term in a way that fits Washington exam practice.
- C. The affiliated licensee may handle the matter independently without broker responsibility.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
Correct Answer
B. Recognize a listing that generally earns commission if the property sells during the listing term in a way that fits Washington exam practice.
Explanation
The correct answer is B because exclusive right to sell requires candidates to recognize a listing that generally earns commission if the property sells during the listing term. 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: exclusive right to sell