Agency
Indiana's Seller Agency Agreement (listing contract) may be terminated by the seller before expiration by:
ASimply telling the broker verbally
BMutual agreement (by both parties), or based on grounds specified in the contract (such as broker breach of duties)✓ Correct
CFiling with IPLA
DListing the property with a different broker
Explanation
A listing agreement is a contract — either party may terminate it by mutual agreement. The seller may also terminate for cause if the broker materially breaches their duties.
Related Indiana Agency Questions
- An agent's duty of loyalty requires that the agent:
- In Indiana, an exclusive buyer agency agreement means the buyer:
- A principal may terminate an agency relationship at any time. However, doing so before the agency term expires may result in:
- Indiana's Seller's Residential Real Estate Sales Disclosure requires sellers to disclose their knowledge of defects in:
- An exclusive right-to-sell listing guarantees the listing broker a commission if:
- An agent's duty of obedience requires the agent to follow:
- Indiana requires that the agency disclosure form be provided to a consumer:
- Ratification of an agency relationship occurs when:
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