Leasing and Property Management Practice Question

Question

A buyer and seller disagree about a transaction term involving periodic tenancy. Which response best protects the client and keeps the transaction compliant? (Item 92)

Answer choices

1. A. It is primarily a tax rule with no effect on brokerage practice.
2. B. It removes the need for written disclosure if the licensee believes the client already knows.
3. C. It can be ignored if the transaction is expected to close quickly.
4. D. Recognize a tenancy that renews automatically until proper notice is given.

Correct Answer

D. Recognize a tenancy that renews automatically until proper notice is given.

Explanation

The correct answer is D 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

Practice more

Start Leasing and Property Management practice

Back to Leasing and Property Management