Agency (alternative)
Under Maryland law, the termination of a listing agency agreement occurs automatically upon:
AThe broker's retirement
BDeath of the principal✓ Correct
CA change in the listed price
DTransfer of the listing to another broker
Explanation
An agency relationship generally terminates automatically upon the death of the principal (seller in a listing agreement), as the principal's legal capacity has ended.
Related Maryland Agency (alternative) Questions
- A Maryland buyer-broker agreement that is exclusive and for a definite term means:
- In Maryland, an agent who acts as a buyer's agent without a signed buyer-broker agreement:
- When a Maryland real estate agent retires from practice, their duty of confidentiality to former clients:
- In Maryland, a seller who fires their listing agent before the listing expires must still pay a commission if:
- In Maryland, a seller's agent who learns the buyer plans to flip the property is:
- In Maryland, a buyer's agent who knows their buyer is willing to pay full price should:
- When a Maryland buyer asks their agent 'What's the lowest the seller will take?' the agent should respond:
- Under Maryland law, a seller's agent who receives information suggesting the buyer has inspection concerns about the roof should:
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