Score 1 of possible 1 point tybalt listed his

Question 12 of 15 Score: 1
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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 listings
to 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
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Explanation: 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 13 of 15 Score: 1
(of possible
1
What clause allows a broker to collect a commission even after the listing period has expired
point)
Question 14 of 15 Score: 1
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1
Which of the following is the duration for listing periods in the state of California?
point)

Question 15 of 15 Score: 1
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1
Which of the following persons is required under California law to provide a Transfer Disclosure
Statement when transferring title to residential property?
point)
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