Agency (alternative)
Which of the following actions would MOST likely terminate an agency relationship in Maryland?
AThe listing broker takes a vacation
BMutual agreement to cancel the listing agreement before its expiration date✓ Correct
CA new salesperson joins the brokerage
DThe property is shown to 10 potential buyers
Explanation
An agency relationship may be terminated by mutual agreement (novation or cancellation), performance (completion of the purpose), expiration of the term, death, or operation of law.
Related Maryland Agency (alternative) Questions
- Under Maryland law, an agent must disclose material facts that affect the value or desirability of property. This duty applies to:
- Under Maryland agency law, ratification of an unauthorized act by an agent occurs when:
- In Maryland, an agent represents the seller. A buyer's agent submits an offer with unusual contingencies. The listing agent's duty is to:
- When a Maryland seller refuses to accept a legitimate offer brought by the listing agent, the agent's duty is to:
- When a Maryland real estate agent retires from practice, their duty of confidentiality to former clients:
- A Maryland real estate agent who acts as a principal (buying or selling for themselves) rather than as an agent must still:
- In Maryland, the term 'procuring cause' determines which agent is entitled to a commission when:
- A Maryland seller's agent who fails to present an offer because they personally believe it is too low has:
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