Contracts
In Louisiana, which of the following is NOT a valid way to terminate a listing agreement?
AExpiration of the listing term
BMutual agreement to cancel the listing
CThe seller's death
DThe broker refusing to accept any offers below asking price✓ Correct
Explanation
A listing agreement is terminated by expiration of the term, mutual agreement, death or incapacity of a party, bankruptcy, destruction of the property, or breach. A broker's refusal to present certain offers (which is itself a violation) does not terminate the listing.
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