Agency
Under Wisconsin law, which of the following terminates a listing agreement?
AThe property receiving an offer
BThe property selling (transaction closing), the expiration of the listing term, mutual agreement, or operation of law (death/bankruptcy)✓ Correct
CThe broker finding a buyer
DThe seller reducing the asking price
Explanation
A listing agreement terminates upon closing of the transaction, expiration of the listing period, mutual agreement to cancel, or by operation of law (death of a party, destruction of property, bankruptcy).
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