Agency
When does an agency relationship in Delaware real estate terminate?
AOnly when the property is sold
BUpon completion of the agreed purpose, expiration of the agreement, mutual consent, death/incapacity of either party, or destruction of the subject property✓ Correct
COnly by written notice from the client
DOnly when the licensee changes brokerages
Explanation
An agency relationship terminates when: (1) the agreed purpose is accomplished (sale closed), (2) the agreement term expires, (3) either party withdraws/revokes (subject to liability for breach), (4) by mutual consent, (5) death or incapacity of either party, or (6) destruction of the subject property.
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