Agency
Which of the following would NOT terminate an agency relationship?
AMutual agreement of both parties
BDeath of the principal
CExpiration of the listing period
DAgent going on a two-week vacation✓ Correct
Explanation
An agent's vacation does not terminate the agency relationship. Agency is terminated by mutual agreement, expiration of the agreement, completion of the purpose, death or incapacity of either party, or destruction of the property.
Related California Agency Questions
- Which of the following is NOT a fiduciary duty an agent owes to their principal?
- A listing agreement is a contract between:
- A seller's agent who unintentionally creates an agency relationship with the buyer by providing advice and assistance may be guilty of:
- The 'duty of obedience' requires a real estate agent to follow all lawful instructions of the principal. Which instruction would an agent be JUSTIFIED in refusing?
- What does it mean when an agent has 'apparent authority' to bind a principal?
- If a salesperson's broker is found to have violated DRE regulations, who bears the ultimate legal and supervisory responsibility?
- Which type of listing agreement gives the broker the most protection and guarantees a commission regardless of who sells the property?
- Under California law, which document is used to confirm the agency relationship in a residential real estate transaction?
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