In Queensland, what happens to the agency agreement if the principal dies during the listing period?
Correct Answer
B) The agreement automatically terminates
Under Queensland agency law, the death of the principal automatically terminates the agency agreement. This is because the agency relationship is personal in nature and cannot continue beyond the principal's death, though the estate may choose to enter into a new agreement.
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In South Australia, an exclusive agency agreement expires. Ten days later the vendor sells to a buyer the agent introduced during the agency. The agreement has the usual clause about sales after expiry. What is the likely outcome?