Agency
When an agency relationship is terminated by operation of law, which of the following could cause termination?
AThe seller decides to take the property off the market
BThe agent and client mutually agree to end the relationship
CThe principal dies or becomes incapacitated✓ Correct
DThe listing period expires
Explanation
Agency relationships can be terminated by operation of law, including death or incapacity of the principal or agent. Other events include bankruptcy of either party or destruction of the property.
Related Idaho Agency Questions
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- What is the duty of 'disclosure' in an Idaho agency relationship?
- What does 'vicarious liability' mean for an Idaho broker whose agent commits negligence?
- The fiduciary duty of loyalty requires an agent to:
- Implied agency can be created when:
- What is a 'facilitator' or 'transaction broker' in some states (compared to Idaho's approach)?
- Which of the following describes an 'ostensible agency' (apparent agency)?
- Idaho requires a written agency disclosure to be provided to all parties to a real estate transaction:
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