Agency
When does an agency relationship typically terminate in a listing agreement?
AWhen the property is shown to the first prospective buyer
BUpon expiration of the listing period, completion of the transaction, mutual agreement, or death/incapacity of a party✓ Correct
COnly when the broker files a termination notice with the DRE
DAt the sole discretion of the agent
Explanation
An agency relationship can terminate in several ways: expiration of the agreed term, completion of the purpose (sale of property), mutual rescission, destruction of the property, death or incapacity of either party, or breach by either party.
Related California Agency Questions
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