Agency
When does an Oregon listing agency agreement typically terminate?
AOnly when OREA revokes the principal broker's license
BUpon the occurrence of specified termination events: expiration of the term, sale of the property, mutual agreement, death of the seller, or breach✓ Correct
CWhen the property value changes by more than 10%
DAutomatically after 180 days regardless of the stated term
Explanation
An Oregon listing agreement terminates upon: expiration of the listing term, successful closing of a sale, mutual written agreement to cancel, death of the seller (generally), the broker's license being revoked, or breach of the agreement. Most Oregon listing agreements have specific termination provisions that protect both parties' rights and interests in various scenarios.
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