An agency relationship can be terminated by all of the following EXCEPT:
Why The listing agent's personal desire to work with a different client Is Correct
Answer C: The listing agent's personal desire to work with a different client
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
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Related Arizona Questions
- Which document in Arizona formally establishes a buyer's agency relationship with a brokerage?Agency
- When does an agency relationship typically terminate in a real estate transaction?Agency
- The agency relationship between a broker and client is MOST commonly created by:Agency
- When does an agency relationship in Arizona typically terminate?Agency
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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