Agency
Termination of a Missouri listing agreement by the seller before the expiration date may result in:
ANo liability for the seller
BThe seller owing the broker damages for wrongful termination✓ Correct
CThe broker keeping the earnest money
DMREC filing a complaint against the seller
Explanation
If a seller wrongfully terminates a listing agreement before expiration, the broker may have grounds to sue for damages, including lost commission, depending on the listing's terms.
Related Missouri Agency Questions
- A Missouri seller's agent who learns that the buyer is under financial stress and would likely pay more should:
- In Missouri, an 'exclusive agency listing' differs from an 'exclusive right to sell listing' because:
- A Missouri seller's agent who learns the property has undisclosed plumbing problems through another source (not the seller) should:
- A Missouri licensee who has a personal financial interest in a property they are listing for a client must:
- In Missouri, a transaction broker relationship means the licensee:
- A Missouri buyer's agent who receives a referral from an out-of-state broker owes duties to:
- In Missouri, a listing agent presenting competing offers to a seller should:
- In Missouri, an agent who enters into a transaction without authority and the principal later approves the transaction has created an agency by:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →