Leasing and Property Management Practice Question
Question
A license applicant is studying a California practice scenario involving periodic tenancy. Which response best protects the client and keeps the transaction compliant? (Item 62)
Answer choices
- A. It can be ignored if the transaction is expected to close quickly.
- B. Recognize a tenancy that renews automatically until proper notice is given.
- C. It requires the licensee to favor the other party over the licensee’s own client.
- D. It is primarily a tax rule with no effect on brokerage practice.
Correct Answer
B. Recognize a tenancy that renews automatically until proper notice is given.
Explanation
The correct answer is B because periodic tenancy requires candidates to recognize a tenancy that renews automatically until proper notice is given. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: easy
- Domain: Leasing and Property Management
- Objective: periodic tenancy