Fair Housing, Practice, and Disclosures Practice Question
Question
A license applicant is reviewing a practice scenario for the Washington Real Estate Broker Exam involving antitrust price fixing and Washington broker licensing structure. What should the licensee understand? (Item 61)
Answer choices
- A. Avoid agreements with competitors about commission rates or fees in a way that fits Washington exam practice.
- B. Client funds may be mixed with business funds if the broker reconciles the account later.
- C. The issue can be ignored if the parties want to close quickly.
- D. The rule applies only to commercial transactions and never to residential transactions.
Correct Answer
A. Avoid agreements with competitors about commission rates or fees in a way that fits Washington exam practice.
Explanation
The correct answer is A because antitrust price fixing requires candidates to avoid agreements with competitors about commission rates or fees. 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: easy
- Domain: Fair Housing, Practice, and Disclosures
- Objective: antitrust price fixing