Question

According to the license law, Listing Agreements must specify:

I. A definite expiration date
II. when the termination date has qualifying terms or conditions
Select one:
A. I only
B. II only
C. Both I and II
D. Neither I nor II

Answer 1

Listing Agreements must specify a definite expiration date and include qualifying terms or conditions for termination.

Step-by-step explanation:

According to the license law, Listing Agreements must specify:

1. A definite expiration date
2. When the termination date has qualifying terms or conditions

The provided information states that after the expiration of the leasing period, the agreement is automatically renewed from month to month, but may be terminated by either party giving a 30-day written notice. The notice should state the 'just cause' if required by laws. The premises are considered vacated only after all areas are cleared and keys and other belongings are returned. Any failure to vacate may result in additional rent and damages.