New Jersey Real Estate Practice Exam Practice Question
Agency may be terminated at any time by
Correct Answer: D
Rationale: Agency relationships are based on mutual consent, meaning that all parties involved must agree to any changes or terminations. Option D reflects this principle, as mutual agreement allows for a respectful and clear conclusion of the agency.
Option A is incorrect because discovering a defect does not inherently terminate the agency; it may affect the contract but not the agency itself. Option B is misleading; while fees may be involved in some contracts, they do not universally apply to agency termination. Option C, while relevant to ethical considerations, does not automatically result in termination without the consensus of all parties.
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