Contracts
Under Wisconsin law, a listing agreement automatically terminates upon:
AThe property being listed in the MLS
BThe death of the seller or broker, or expiration of the listing term✓ Correct
CThe receipt of any offer, regardless of price
DThe broker reducing the commission rate
Explanation
A listing agreement terminates automatically upon the death of either the seller or the broker (agency is personal), upon the property's destruction, or at the expiration of the stated term.
People Also Study
Related Wisconsin Questions
- A Wisconsin seller's listing agreement automatically terminates if the property:Agency
- A Wisconsin seller who revokes a listing agreement before its expiration date may be liable to the broker for:Agency
- A Wisconsin buyer signs a buyer agency agreement, and the agent later becomes the listing agent for a property the buyer wants to purchase. To resolve this conflict, the broker may:Agency
- Under Wisconsin law, which of the following terminates a listing agreement?Agency
- A Wisconsin listing agreement is a contract between:Contracts
- An 'exclusive right to sell' Wisconsin listing agreement means:Contracts
- A Wisconsin property management agreement is terminated by the property owner before the agreement's expiration. The manager may be entitled to:Property Management
- A Wisconsin listing agreement is a contract between the seller and:Contracts
Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Math Concepts
Study This Topic
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →