Contracts
In New Mexico, which of the following clauses in a listing agreement describes the conditions under which the listing terminates early?
AThe commission clause
BThe safety/extender clause
CThe termination/cancellation clause✓ Correct
DThe MLS clause
Explanation
A termination or cancellation clause in a listing agreement specifies the conditions under which either party may terminate the agreement before its stated expiration date, and any consequences of early termination.
Related New Mexico Contracts Questions
- In New Mexico, 'earnest money' in a purchase contract serves as:
- Which of the following is an example of an executed contract?
- In New Mexico, an 'as is' clause in a purchase contract means:
- A real estate contract signed by a minor is generally:
- A contingency clause in a New Mexico purchase contract that is not satisfied by the deadline will:
- Under the Statute of Frauds, real estate contracts in New Mexico must be:
- In New Mexico, the NM Seller's Property Disclosure Statement requires the seller to disclose:
- What is the purpose of an earnest money deposit in a real estate transaction?
Practice More New Mexico Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Mexico Quiz →