medium · National Real Estate Exam agency
If a brokerage firm is a corporation and the president of the corporation dies, does a listing agreement with the firm terminate?
- No, because the corporation is a legal entity that continues to exist.
- No, but the seller gains a right to cancel within ten days after.
- Yes, the death of any individual agent always automatically ends the agency.
- Yes, unless the vice-president formally and promptly takes over that existing listing.
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