Fair Housing, Practice, and Disclosures Practice Question
Question
A salesperson notices a possible compliance problem for the Washington Real Estate Broker Exam involving material facts and Washington broker licensing structure. Which answer best reduces risk? (Item 155)
Answer choices
- A. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- B. The requirement matters only when the buyer obtains institutional financing.
- C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Washington exam practice.
- D. The affiliated licensee may handle the matter independently without broker responsibility.
Correct Answer
C. Disclose known facts affecting value, desirability, or party decision-making in a way that fits Washington exam practice.
Explanation
The correct answer is C because material facts requires candidates to disclose known facts affecting value, desirability, or party decision-making. 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: Fair Housing, Practice, and Disclosures
- Objective: material facts