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Reviewing TestPreliminary ExaminationStarted:Aug 24, 2017 6:26 PMFinished: Aug 24, 2017 6:33 PM1 of 1 Preliminary Examination Total Grade: 32 (of possible100 points)The points on this "exam" are for information only. Please answer the questions the best you can without looking up the answers. The purpose of this "exam" is to determine how much you know about this course today. SJDC's accreditation compliance requires us to determine how much youknow at the beginning of a course compared to your knowledge at the end. If you only get a few questions "right", that's no problem!This may not make sense to you, but don't worry. You score on this test will not affect your grade.Dear students, Hopefully you read the instructions so you know thatthis exam does not counttoward your gradein this class. JTPart 1 of 4 Chapters 1, 2 and 3 Score: 7 (of possible25 points)Question 1 of 100 Score: 1 (of possible1 Tybalt listed his property with Broker Lawrence for a period of 120 days. After 30 days, Tybalt became impatient, informed Lawrence that he was terminating the listing, and gave open listingsto several brokers. A few weeks later, one of the brokers with an open listing sold Tybalt's property. Which of the following is true?point)A.Lawrence may ask a court to void the open listings.B.Tybalt canceled his first listing legitimately and owes nothing to Lawrence.C.Tybalt may owe a commission to Lawrence as well as to the broker who was the procuring clause.D.Lawrence may share the commission with the broker who arranged the sale.Answer Key: C
FeedbackExplanation: Because the property sold while the listing period with Lawrence was still in effect, Tybalt may owe a commission to Lawrence as well as to the broker who actually arranged the sale of the property. A seller may not unilaterally revoke a listing agreement.Question 2 of 100 Score: 0 (of possible1 Which of the following persons is required under California law to provide a Transfer Disclosure Statement when transferring title to residential property?point)