Agency
When does a seller's listing agency relationship terminate?
AWhen the buyer submits the first offer
BWhen the property closes escrow and title transfers
CUpon completion of all events specified in the listing agreement✓ Correct
DWhen the seller verbally instructs the agent to stop showing the home
Explanation
Agency terminates upon completion of the specific events and purposes outlined in the agency agreement — typically the closing of the transaction, expiration of the agreement's term, mutual agreement to terminate, death or incapacity of the principal, destruction of the property, or other specified conditions.
Related Alaska Agency Questions
- In Alaska, a seller's agent owes which of the following duties to an unrepresented buyer?
- Which type of agency is created when an agent acts on behalf of a principal without explicit authorization, but the principal later approves the action?
- In Alaska, a seller who expressly instructs the listing agent not to disclose that the neighborhood was affected by flooding 5 years ago is asking the agent to:
- Which of the following BEST defines 'actual authority' in a real estate agency context?
- An Alaska buyer's agent who has reason to believe the seller's disclosure statement contains false information should:
- Which of the following is NOT a fiduciary duty owed by an agent to a principal?
- Under an 'exclusive agency' listing in Alaska, the seller:
- In Alaska, 'puffery' by a listing agent refers to:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →