medium · National Real Estate Exam
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.
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