Agency
An agency relationship is automatically terminated when:
AThe agent lists the property on the MLS
BThe principal dies✓ Correct
CThe agent changes brokers
DThe listing price is reduced
Explanation
The death of the principal (client) automatically terminates the agency relationship as a matter of law, since the principal can no longer give legal authority to the agent.
Related New York Agency Questions
- A New York broker who changes a 'listing price' on MLS without seller authorization may be:
- In New York, a 'non-exclusive buyer's representation agreement' differs from an exclusive one in that:
- An exclusive agency listing in New York differs from an exclusive right-to-sell listing in that:
- In New York, a seller's agent who discovers the buyer is offering more than they would accept must:
- In New York, an agent's duty to present all offers to their seller client can be modified if:
- In New York, the duty of 'loyalty' owed by a buyer's agent to the buyer means that the agent:
- In New York, the agency disclosure form (required under Real Property Law § 443) must be presented to a buyer or seller:
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