A listing agent signs a six-month exclusive right-to-sell agreement with a homeowner. Two months in, the agent decides to leave her brokerage and relocate out of state. She sends the homeowner a written notice stating that she is withdrawing from the representation, effective immediately. The homeowner has not asked her to leave, has not breached the contract, and has not consented to her departure. The agent's brokerage may now face a damages claim for the four remaining contract months, even though the agency itself ends with her notice. Which method ended the agency relationship?
Correct Answer
C) Renunciation by agent
The agent unilaterally withdrew her own services without the homeowner's request or consent, mid-listing. The agent's voluntary withdrawal from an existing agency, subject to potential damages liability, is renunciation by agent.
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Previous Question
A broker decides to withdraw from a listing halfway through the term because of personal health issues. What is the broker's voluntary withdrawal called?
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A buyer's agent is in the middle of negotiating a purchase contract on behalf of her buyer client. Mid-negotiation, the buyer suffers a severe stroke and a probate court enters an order finding him legally incapacitated. The agent has not been appointed under any durable power of attorney. No written agreement contemplates the buyer's incapacity. The agent's authority to bind the now-incapacitated buyer ends automatically by operation of law, and the buyer's court-appointed guardian must establish a fresh agency relationship before negotiations may continue. Which doctrine ended the original agency?