Question

Lily listed her house for sale with a broker on February 1st. The listing agreement was to last for five months but in April she decided that the house was no longer for sale. Which of the following statements is true?

A. Lily is required by law to leave her house on the market until June.
B. Lily has withdrawn the broker's authority to sell the property and may be subject to reimbursing some broker expenses.
C. Lily has cancelled the agreement and there are no penalties.
D. The real estate commission will decide if Lily' s action was justified.

Answer 1

B. Lily has withdrawn the broker's authority to sell the property and may be subject to reimbursing some broker expenses.

Step-by-step explanation: