Agency
Which of the following would terminate an agency relationship in Oklahoma?
AThe listing price is reduced
BThe property is leased rather than sold
CThe agent is transferred to a different office
DThe death of the principal✓ Correct
Explanation
An agency relationship is automatically terminated by the death of either the principal or the agent, completion of the purpose, expiration of the agreement, mutual consent, or operation of law.
Related Oklahoma Agency Questions
- An Oklahoma real estate agent who is also a licensed attorney may:
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