Agency
When does an agency relationship typically terminate?
AOnly when the agent decides to end it
BUpon completion of the purpose, mutual agreement, or expiration of the listing✓ Correct
CAfter 90 days regardless of the listing terms
DWhen the seller accepts an offer
Explanation
Agency terminates upon: completion of the purpose (sale closes), mutual agreement, expiration of the listing agreement, death or incapacity of either party, or destruction of the property.
Related California Agency Questions
- What California form is commonly used to establish a formal buyer representation agreement?
- Which of the following actions would most likely create an undisclosed dual agency?
- A listing agent tells potential buyers that the seller 'is highly motivated and needs to sell quickly.' This statement is:
- A buyer's agent has a duty of disclosure. Which of the following must the buyer's agent disclose to the buyer?
- An agent who represents both the buyer and the seller in the same transaction is known as a:
- A buyer's agent owes which fiduciary duties to their client? (OLD CAR)
- In California, which type of listing gives only ONE broker the exclusive right to earn a commission, even if the seller finds the buyer?
- A broker who operates as a 'transaction broker' (non-agent facilitator) in California:
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