Agency
In Hawaii, when does a listing agreement typically terminate?
AA. When the property is shown to the first buyer
BB. Upon expiration of the agreed term, sale of the property, mutual cancellation, or death of the broker✓ Correct
CC. When the seller reduces the asking price
DD. After 6 months regardless of terms
Explanation
A listing agreement terminates by expiration of the term, sale of the property, mutual agreement, or other events such as destruction of the property or death/incapacity of the broker.
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