Agency
An agency relationship can be terminated by all of the following EXCEPT:
AMutual agreement of principal and agent
BCompletion of the agency's purpose
CDeath of the principal
DThe agent finding a buyer✓ Correct
Explanation
An agency is terminated by mutual agreement, completion of its purpose, expiration of the listing period, death or incapacity of the principal or agent, destruction of the property, or bankruptcy. Finding a buyer is the fulfillment (not termination) of a listing agency's purpose.
Related California Agency Questions
- What California form is commonly used to establish a formal buyer representation agreement?
- After a listing expires, a former listing agent who contacts the seller directly to negotiate a new listing must:
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- A buyer's agent has a duty of disclosure. Which of the following must the buyer's agent disclose to the buyer?
- In a typical California transaction, the selling broker (buyer's agent) is considered the agent of:
- When does an agency relationship typically terminate?
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