New Jersey Real Estate Practice Exam Free Practice Question
A buyer had an agency relationship with a broker but it has been terminated due to operation of law. Which of the following circumstances could have caused this?
Correct Answer: A
Rationale: An agency relationship can be terminated by operation of law under specific circumstances, such as the death of either party involved. Therefore, if the buyer or the broker has died, the agency relationship automatically ends, making option A valid.
Option B is incorrect because the death of the sales associate does not terminate the agency relationship between the buyer and the broker.
Options C and D involve voluntary actions by the parties to cancel the agreement, which do not fall under termination by operation of law. Hence, they do not apply in this context.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now