Halfway through the listing term, the broker chooses to withdraw from representing the seller. What is the broker's act called?
Correct Answer
B) Renunciation by agent
Renunciation by agent is correct because the facts match the agent's withdrawal from the agency relationship before the task is completed, subject to any contractual consequences. That is the best description of the relationship, right, or legal concept tested here.
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Elena Bailey fires the broker before the listing term ends even though the broker did nothing wrong. What is the seller's act called?
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An individual principal dies before the listed property is sold, and the brokerage had authority only from that principal. What event generally ends the agency?