medium · National Real Estate Exam agency
An agency relationship is most likely to be terminated by 'operation of law' in which of the following circumstances?
- The subject property is destroyed by a catastrophic fire.
- The seller decides to take the home off the market because they changed their mind about moving.
- The agent fails to find a buyer within the first three months of a six-month listing.
- The listing broker and the seller mutually agree to end their agreement early.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam agency practice
- If a broker's trust account contains earnest money for ten different transactions, and the
- An agency relationship that is created by a principal's actions leading a third party to r
- An agent's power to bind a principal to a contract is known as their:
- If a broker acts as a transaction coordinator (facilitator) and does not represent either
- If a person acts as an agent without prior authorization and the principal later accepts t
- If a seller instructs an agent to hide a known material defect in the property, the agent
- In a standard real estate transaction, to whom does the agent owe the full range of fiduci
- In which type of agency creation does the principal's silence or failure to object play a