Agency
In Idaho, when does an agency relationship with a seller typically end if the property doesn't sell?
AAfter the first showing
BAt the expiration date of the listing agreement✓ Correct
CWhen the broker requests termination
DAfter 30 days from listing
Explanation
A listing agency relationship ends at the expiration date specified in the listing agreement if the property has not sold. The seller may then re-list with the same or a different broker.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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