Agency
In Indiana, which of the following would terminate an agency relationship?
ACompletion of the purpose for which the agency was created
BDeath or incapacity of either party
CMutual agreement to end the relationship
DAll of the above✓ Correct
Explanation
An agency relationship can be terminated by completion of the stated purpose (e.g., the sale closes), mutual agreement, expiration of the agreement term, death or incapacity of either party, destruction of the subject property, or breach by either party.
Related Indiana Agency Questions
- In Indiana, a broker representing a buyer in a 'pocket listing' (off-market) transaction owes which additional duty?
- A buyer's agent in Indiana who also receives a referral fee from a home inspector they recommended to their buyer client must:
- Under Indiana law, an agent's duty to disclose material facts includes disclosing:
- Indiana's 'informed consent' requirement for dual agency means the agent must disclose to both parties:
- In Indiana, a broker must provide a written summary of agency relationships to consumers in a commercial transaction:
- In Indiana, a disclosed dual agent must obtain:
- An Indiana licensee who wishes to represent a buyer in a transaction where the listing is at their own brokerage must:
- In Indiana, the listing agreement creates an agency relationship between the:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →