A listing is terminated by any of the following, EXCEPT?

Prepare for the Champions Law of Agency Test. Use flashcards and multiple choice questions with hints and explanations to boost readiness. Get exam-ready!

A listing agreement is a contractual arrangement between a property owner and a real estate agent, specifying the conditions under which the agent is authorized to sell the property. A listing can be terminated under various circumstances, such as the sale of the property, the death of the agent, or mutual agreement between the parties involved.

When the property is sold, the purpose of the listing agreement is fulfilled, leading to its termination. Similarly, if the agent passes away, the listing generally becomes void as the party responsible for carrying out the terms of the agreement is no longer able to perform. Mutual agreement can terminate a listing at any point, as both parties can decide to discontinue the arrangement.

However, the termination of a listing simply by the passing of one year since the agreement was signed may not occur automatically unless specified within the terms of the contract. Many listings can be renewed or extended, and their duration can be subject to specific conditions set forth within the original agreement. Therefore, one cannot assume that a listing expires exactly one year after being signed without explicit agreement on such a clause. Hence, this is the exception among the choices provided.

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