Agency
When does an agency relationship between a broker and seller typically terminate?
AWhen the property is shown to a buyer
BWhen an offer is received
CUpon closing or mutual agreement to terminate the listing✓ Correct
DWhen the broker receives a commission
Explanation
An agency relationship typically terminates upon completion of the purpose (closing), expiration of the listing term, or by mutual agreement. Receiving an offer or showing the property does not terminate the agency.
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- In Hawaii, what is the term for the moment an agency relationship between a licensee and client is created?
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