Agency
Which of the following terminates an Idaho agency relationship?
AThe property going under contract
BCompletion of the purpose for which the agency was created, such as closing of the transaction✓ Correct
CThe agent taking a vacation
DThe listing being placed on the MLS
Explanation
Agency is terminated by completion of the purpose for which it was created. For a listing agency, the agency ends when the transaction closes. Agency can also terminate by mutual agreement, expiration of the agreement, death, or incapacity.
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