Agency
When does an agency relationship typically terminate?
AOnly when the agent decides to end it
BUpon completion of the purpose, expiration of agreement, mutual consent, or operation of law✓ Correct
CWhen the property sells
DAfter 6 months regardless of contract terms
Explanation
An agency relationship ends upon completion of the task, expiration of the listing, mutual agreement, death of a party, or other operation of law.
Related Indiana Agency Questions
- An Indiana broker who represents multiple sellers in the same price range and neighborhood must:
- In a dual agency transaction in Indiana, the broker CANNOT do which of the following?
- A listing agreement creates which type of agency relationship?
- In Indiana, the concept of 'vicarious liability' means that a managing broker may be held responsible for:
- An Indiana broker acts as a sub-agent of the seller when the broker:
- In Indiana, a 'non-exclusive buyer agency agreement' differs from an exclusive agreement in that:
- An Indiana sub-agent owes fiduciary duties to:
- A buyer's agent in Indiana who also owns the property the buyer is interested in purchasing must:
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