medium · National Real Estate Exam agency
An agent is representing a seller whose home is completely destroyed by a fire.
What is the status of the agency relationship?
- The agent can sue the seller for the commission because the fire was the seller's fault.
- The relationship is terminated because the subject matter no longer exists.
- The agency continues if the seller intends to rebuild the home immediately.
- The agent must now attempt to sell the vacant lot at the same commission rate.
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