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?
Correct Answer
A) Termination by death or incapacity
Termination by death or incapacity is correct because the facts match the ending of an agency relationship because the principal or agent dies or loses legal capacity, depending on the circumstances. That is the best description of the relationship, right, or legal concept tested here.
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Halfway through the listing term, the broker chooses to withdraw from representing the seller. What is the broker's act called?
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A listed cabin is destroyed by fire before a sale can occur. The listing broker was hired only to market that cabin. What event may terminate the agency?