medium · National Real Estate Exam
A broker has an exclusive right-to-sell listing on a residential property. Two months into the six-month term, the listing broker dies.
What is the legal status of the agency relationship?
- The agency remains valid until the original six-month expiration date.
- The listing is automatically transferred to the broker's top-performing salesperson.
- The agency is terminated by operation of law.
- The seller must honor the listing if the broker's heirs appoint a new broker of record.
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