SALESPERSON ONLINE COMPUTRAINER
Master Exam #3
Question 122 of 150
Question: Broker Hammerman, while exempt from some provisions of the escrow law, is still prohibited from doing certain acts when acting as an escrow agent for a principal. With one exception, doing any of the following acts would probably be grounds for disciplinary action by the Commissioner. Which of the following acts would not violate real estate law:
A: Refusing to give a copy of the escrow instructions to a person who signs them at the time of signing;
B: Upon the close of escrow, failing to furnish each principal in the transaction with a written statement summarizing the funds handled by escrow;
C: Encouraging a buyer to alter escrow instructions, although such alterations have been initialed by all persons who signed the original instructions;
D: Recommending an amended escrow instruction which contains a blank to be filled in after signing.
Correct Answer is : C
No violation would occur if the broker encouraged alterations to the instructions which had been approved by all parties thereto.